I have a feeling that the dev is going to surprise us with some tricks up his sleeves. 
Good or bad?If it's bad, let's start the FUD and get more cheap coins
Topic: [ANN]AXIS coin + - Hybrid - X13 - 6M. Android Ticker. MANDATORY WALLET! - page 36. (Read 99453 times)
June 08, 2014, 11:09:38 AM
If it's bad, let's start the FUD and get more cheap coins
June 08, 2014, 11:06:21 AM
I have a feeling that the dev is going to surprise us with some tricks up his sleeves.
June 08, 2014, 11:05:59 AM
Coins rewarded during PoW.
Check the code!
So.
Block 1 = 120000 (total)
Blocks 2 to 100 = 99 (total)
Blocks 101 to 8640 (8539 blocks) = 5870562.5 (687.5*8539)
Total coins during PoW (including premine) = 5,990,661.5 coins
Just a quick calculation but that's what the code does.
Shit man, it's true XDCheck the code!
Code:
static const int CUTOFF_POW_BLOCK = 8640;
static const int64 nMinSubsidy = 1 * COIN;
// miner's coin base reward based on nBits
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
int64_t nSubsidy = 687.5 * COIN;
if(nHeight == 1)
nSubsidy = 120000 * COIN;
else if(nHeight <= 100)
nSubsidy = 1 * COIN;
return nSubsidy + nFees;
}
So.
Block 1 = 120000 (total)
Blocks 2 to 100 = 99 (total)
Blocks 101 to 8640 (8539 blocks) = 5870562.5 (687.5*8539)
Total coins during PoW (including premine) = 5,990,661.5 coins
Just a quick calculation but that's what the code does.
THIS IS GOING TO THE MOOOOOOOOOOOOOON
June 08, 2014, 11:03:43 AM
Coins rewarded during PoW.
Check the code!
So.
Block 1 = 120000 (total)
Blocks 2 to 100 = 99 (total)
Blocks 101 to 8640 (8539 blocks) = 5870562.5 (687.5*8539)
Total coins during PoW (including premine) = 5,990,661.5 coins
Just a quick calculation but that's what the code does.
Check the code!
Code:
static const int CUTOFF_POW_BLOCK = 8640;
static const int64 nMinSubsidy = 1 * COIN;
// miner's coin base reward based on nBits
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
int64_t nSubsidy = 687.5 * COIN;
if(nHeight == 1)
nSubsidy = 120000 * COIN;
else if(nHeight <= 100)
nSubsidy = 1 * COIN;
return nSubsidy + nFees;
}
So.
Block 1 = 120000 (total)
Blocks 2 to 100 = 99 (total)
Blocks 101 to 8640 (8539 blocks) = 5870562.5 (687.5*8539)
Total coins during PoW (including premine) = 5,990,661.5 coins
Just a quick calculation but that's what the code does.
June 08, 2014, 11:00:12 AM
Just hodl AXIS.. pump just started.. easy 15k+ in a 2-3-4d
June 08, 2014, 10:59:23 AM
How long does it takes to deposit on poloniex?
It has already 18 confirmations
Yeah man, poloniex can be slow as f It has already 18 confirmations
June 08, 2014, 10:55:57 AM
How long does it takes to deposit on poloniex?
It has already 18 confirmations
It has already 18 confirmations
June 08, 2014, 10:47:02 AM
If it's (the total coin supply) is a "typo" then 2 things should happen:
1) The price should go way up...there are now half as many coins as originally thought.
2) The premine was 2%. I don't know how many of us would originally have been on board with a 2% premine of a 6 million total coin. But, not much we can do about that now.
It would still be great if someone else could review source code (as everyone should really do). I don't see anything shady, but before investing a bunch more money, it'd be nice to have someone else confirm the total PoW coin supply. Because that has price implications. There are now half as many coins as originally thought. 6 million coins put this near CloakCoin level (5,000,000) - which is currently sitting at ~15,000 satoshi.
1) The price should go way up...there are now half as many coins as originally thought.
2) The premine was 2%. I don't know how many of us would originally have been on board with a 2% premine of a 6 million total coin. But, not much we can do about that now.
It would still be great if someone else could review source code (as everyone should really do). I don't see anything shady, but before investing a bunch more money, it'd be nice to have someone else confirm the total PoW coin supply. Because that has price implications. There are now half as many coins as originally thought. 6 million coins put this near CloakCoin level (5,000,000) - which is currently sitting at ~15,000 satoshi.
June 08, 2014, 10:34:29 AM
how many days of pow? 6 or 12?
Quote
6 days of hashing. "And the 7th day, God rested."
Coins from POW = 11880000
Coins Per day = 990000
Coins Per block = 687.5
687.5x1440blocks=990000
990000x12days=11880000 correct
but 6days = 5940000??
Can someone explain this to me?
June 08, 2014, 10:34:09 AM
PUMP is on a way. Buy + hodl = profit
June 08, 2014, 10:31:53 AM
how many days of pow? 6 or 12?
Quote
6 days of hashing. "And the 7th day, God rested."
Coins from POW = 11880000
Coins Per day = 990000
Coins Per block = 687.5
687.5x1440blocks=990000
990000x12days=11880000 correct
but 6days = 5940000??
Can someone explain this to me?
June 08, 2014, 10:29:38 AM
Code:
static const int CUTOFF_POW_BLOCK = 8640;
I really hope there are 6M coins in total
June 08, 2014, 10:17:58 AM
Code:
static const int CUTOFF_POW_BLOCK = 8640;
June 08, 2014, 10:16:44 AM
Quote
Wouldn't that mean that the price is going to skyrocket? lol
I edited my post. Potentially. It's either that, or there are 6 million coins missing. I would really like it if someone else also reviewed code.
June 08, 2014, 10:15:09 AM
June 08, 2014, 10:12:47 AM
Here's code:
Premine of 1% (of 12million) and 687.5 block reward:
TOTAL money supply (PoW + PoS)
However, I can't find the missing 6 million coins either. I don't know how you get 12 million coins in the PoW phase. Blocks aren't fully mature to stake for 30 days (but they can start in 7 hours):
687.5 block reward * 1440 blocks per day + 120,000 premine = 6059312.5 after 6 days. (990,000 coins for 5 days, 1st day with premine was 1109312.5 coins)
So...I don't know where 12 million coins in the PoW phase comes in. In fact, we're about 1/3 of the way through PoW right now (on block 2735 of 8640). The current money supply is 1,935,099.0. That's almost 1/3 the total I just calculated (6,059,312.5).
I think the total PoW coins is ~6,000,000. Thus, the premine was actually 2%.
Wouldn't that mean that the price is going to skyrocket? lolPremine of 1% (of 12million) and 687.5 block reward:
Code:
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
int64_t nSubsidy = 687.5 * COIN;
if(nHeight == 1)
nSubsidy = 120000 * COIN;
else if(nHeight <= 100)
nSubsidy = 1 * COIN;
return nSubsidy + nFees;
}
TOTAL money supply (PoW + PoS)
Code:
static const int64 MAX_MONEY = 36000000 * COIN; // 36 Million
However, I can't find the missing 6 million coins either. I don't know how you get 12 million coins in the PoW phase. Blocks aren't fully mature to stake for 30 days (but they can start in 7 hours):
Code:
unsigned int nStakeMinAge = 60 * 60 * 7 * 1; // minimum age for coin age: 7h
unsigned int nStakeMaxAge = 60 * 60 * 24 * 30; // stake age of full weight: 30d
687.5 block reward * 1440 blocks per day + 120,000 premine = 6059312.5 after 6 days. (990,000 coins for 5 days, 1st day with premine was 1109312.5 coins)
So...I don't know where 12 million coins in the PoW phase comes in. In fact, we're about 1/3 of the way through PoW right now (on block 2735 of 8640). The current money supply is 1,935,099.0. That's almost 1/3 the total I just calculated (6,059,312.5).
I think the total PoW coins is ~6,000,000. Thus, the premine was actually 2%.
I thought it was 12M total coins from PoW XD
June 08, 2014, 10:06:24 AM
Here's code:
Premine of 1% (of 12million) and 687.5 block reward:
TOTAL money supply (PoW + PoS)
However, I can't find the missing 6 million coins either. I don't know how you get 12 million coins in the PoW phase. Blocks aren't fully mature to stake for 30 days (but they can start in 7 hours):
687.5 block reward * 1440 blocks per day + 120,000 premine = 6059312.5 after 6 days. (990,000 coins for 5 days, 1st day with premine was 1109312.5 coins)
So...I don't know where 12 million coins in the PoW phase comes in. In fact, we're about 1/3 of the way through PoW right now (on block 2735 of 8640). The current money supply is 1,935,099.0. That's almost 1/3 the total I just calculated (6,059,312.5).
I think the total PoW coins is ~6,000,000. Thus, the premine was actually 2%.
This is good and bad. Less coins means it's worth more. However, a 2% premine means we were lied to.
The other option is that I'm just not seeing 6 million coins somewhere. They aren't in the money supply right now and, at this rate, won't be by the end of PoW.
Premine of 1% (of 12million) and 687.5 block reward:
Code:
int64 GetProofOfWorkReward(int nHeight, int64 nFees, uint256 prevHash)
{
int64_t nSubsidy = 687.5 * COIN;
if(nHeight == 1)
nSubsidy = 120000 * COIN;
else if(nHeight <= 100)
nSubsidy = 1 * COIN;
return nSubsidy + nFees;
}
TOTAL money supply (PoW + PoS)
Code:
static const int64 MAX_MONEY = 36000000 * COIN; // 36 Million
However, I can't find the missing 6 million coins either. I don't know how you get 12 million coins in the PoW phase. Blocks aren't fully mature to stake for 30 days (but they can start in 7 hours):
Code:
unsigned int nStakeMinAge = 60 * 60 * 7 * 1; // minimum age for coin age: 7h
unsigned int nStakeMaxAge = 60 * 60 * 24 * 30; // stake age of full weight: 30d
687.5 block reward * 1440 blocks per day + 120,000 premine = 6059312.5 after 6 days. (990,000 coins for 5 days, 1st day with premine was 1109312.5 coins)
So...I don't know where 12 million coins in the PoW phase comes in. In fact, we're about 1/3 of the way through PoW right now (on block 2735 of 8640). The current money supply is 1,935,099.0. That's almost 1/3 the total I just calculated (6,059,312.5).
I think the total PoW coins is ~6,000,000. Thus, the premine was actually 2%.
This is good and bad. Less coins means it's worth more. However, a 2% premine means we were lied to.
The other option is that I'm just not seeing 6 million coins somewhere. They aren't in the money supply right now and, at this rate, won't be by the end of PoW.
June 08, 2014, 09:54:13 AM
It's simple.
I don't understand why dev ignore this question.
I didn't even see the question, I'm sorry. It's Sunday and I'm outside in the garden, with my family.Code:
6 days of hashing = ~6М
6М + premine = 12M
premine = ?
I don't understand why dev ignore this question.
It's a typo
I'm waiting for Mike to come. When he comes, I'll fix it and update entire ANN.Got some hot news as well!
As an investor I'd prefer hot news towards the end or at the end of pow, just gonna waste it fattening up the multipools at this point.
But I have to keep people entertained somehow.
I'll be back later!
June 08, 2014, 09:28:59 AM
It's simple.
I don't understand why dev ignore this question.
I didn't even see the question, I'm sorry. It's Sunday and I'm outside in the garden, with my family.Code:
6 days of hashing = ~6М
6М + premine = 12M
premine = ?
I don't understand why dev ignore this question.
It's a typo
I'm waiting for Mike to come. When he comes, I'll fix it and update entire ANN.Got some hot news as well!
As an investor I'd prefer hot news towards the end or at the end of pow, just gonna waste it fattening up the multipools at this point.
June 08, 2014, 09:26:31 AM
What do you think?
When does the FUD start?
When does the FUD start?
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