Topic: [ANN][CACH] CACHeCoin released based on scrypt-jane - page 23. (Read 224459 times)
Beave, I was only joking about the English. I was talking about the tech jargon, it's chinese to me.
Every coin with no real development is a ShitCoin, even coins I truly love and invest in. Cache is by far a bigger ShitCoin than those coins. Nothing personal, it's just the way it is.
What chinese exchange is CACHE on, BTW. That's news to me. What was the volume there when it hit 55 btc on Cryptsy?
That's interesting.
Does the name CACHE or CACH mean something in Chinese?
Cheers!
money supply yes correct now - 1.7 million
POW and POS at the moment work correct and for POW n-factor 15 - r9 270 (non x) -400 h/s.
Man, you were doing so well until you said that last part.
How can there be so many Chinese on one single thread? I no understand nothing.
Ok, so cache has been around at least 1 year during which time only 1.7 million coins have been minted.
Therefore, whatever n-Equals and all the other Chinese variables, the inflation is low and if the coin is taken over the inflation could be cut back even more and a low max cap can even be set.
So the question now is: Why would a forgotten ShitCoin [CACHE] spike 1100% in a single day on huge 55 Bitcoin volume?
Any English speakers here who can answer that one? TIA
Lmao
I believe calling it "ShitCoin" puts you in 'Troll' territory? Why are you so interested in who bought so much?
But... I want to know the answer to that question too! That person could have bought YACoin instead!
My guess is that it was someone Chinese. There was no announcement or activity on this thread. ZcCoin is about to be the biggest scrypt-chacha coin, and I don't think the wallet has been updated in over a year... But it is on a prominent Chinese exchange.
BTW Vlad, you should visit the UTC thread if you want entertainment from non-English speaking crazies.
money supply yes correct now - 1.7 million
POW and POS at the moment work correct and for POW n-factor 15 - r9 270 (non x) -400 h/s.
Man, you were doing so well until you said that last part.
How can there be so many Chinese on one single thread? I no understand nothing.
Ok, so cache has been around at least 1 year during which time only 1.7 million coins have been minted.
Therefore, whatever n-Equals and all the other Chinese variables, the inflation is low and if the coin is taken over the inflation could be cut back even more and a low max cap can even be set.
So the question now is: Why would a forgotten ShitCoin [CACHE] spike 1100% in a single day on huge 55 Bitcoin volume?
Any English speakers here who can answer that one? TIA
Ok, so the current total money supply (total current outstanding cache coins) is now 1.6 million. Correct?
And there is currently no PoW? Correct?
money supply yes correct now - 1.7 million
POW and POS at the moment work correct and for POW n-factor 15 - r9 270 (non x) -400 h/s
The rewards do not increase with nfactor. the reward depends on the difficulty. If the difficulty is high, reward is smaller. When the difficulty drops, reward increases, to a max of 100 coins per block.
When the NFactor changes, the hashrate of your GPU, CPU drops by at least half, which results in difficulty decreasing, thus block reward increasing.
Exactly.
Ok, so the current total money supply (total current outstanding cache coins) is now 1.6 million. Correct?
And there is currently no PoW? Correct?
And the PoS is only 5% per year but due to destruction of coins (fees) the actual real inflation rate is closer to 1-2%.
Is all of this correct? If not, if there is also PoW, then roughly how much is that per month in new coins? Just an average.
I have no problem with infinity coin generation if it's inder 3% annually given that is barely enough to combat negative economic and monetary forces.
If this is all the inflation and current dilution Cache has, then it's great news.
Thank you all!
Current coin supply is available in "getinfo" output under "moneysupply". I have no client handy, but if you need that number so bad, download a client :-)
Don't have my laptop and unfortunately, I'm not a techie.
--> "moneysupply" : 1692289.84380800
If is quite easy to find out current amount of coins (do "getinfo" on the coin daemon and check for "moneysupply").
It is a bit harder to estimate the number of coins being mined through time. The PoS is limited to 5% annually (in ideal conditions when coins are not moved and you get really lucky with PoS "mining", in reality it is less - I guess around 1-2% annually may be realistic), the mining does not have any sort of artificial limits, as the block reward depends on the difficulty, etc ... though the history, I've seen the block rewards mostly between 12 and 60 per block.
It is a bit harder to estimate the number of coins being mined through time. The PoS is limited to 5% annually (in ideal conditions when coins are not moved and you get really lucky with PoS "mining", in reality it is less - I guess around 1-2% annually may be realistic), the mining does not have any sort of artificial limits, as the block reward depends on the difficulty, etc ... though the history, I've seen the block rewards mostly between 12 and 60 per block.
What bullishit. I have never seen an altcoin where it was impossible to tell the current coins outstanding, max supply or inflation rate.
Lots and lots of FUD here.
PeerCoin... You are making it out to be more 'complicated' than it really is. Granted, Bitcoin is very simple in terms of money supply, but perhaps it attracts too many simple-minded people? The kicker is that government fiat currencies are so incredibly complicated, manipulated, corrupt, yet barely anyone seems to care about that (M1-2-3-4, quantitative easing, fractional reserve banking, etc).
"FUD"? Do you know what that means? "bullishit"? Why did you just become a petulant child?
There are too many people on these forums who have lacked (still lack) parental guidance.
For the adults:
-Every 15 minutes, Blockchain Transaction Processors (miners) are rewarded an amount of CACHE, which is calculated through an inversely proportional relationship to the difficulty.
-People with CACHE are rewarded with what is essentially 'interest' for holding coins in their wallet that is set to a max percentage rate. (Is it ~5% per year? Needs to be in the OP.)
-Transaction fees are destroyed as a deflationary pressure to combat the inflationary pressures above.
-Like all cryptocurrencies, coins can be destroyed deliberately, or they can be lost.
What bullishit. I have never seen an altcoin where it was impossible to tell the current coins outstanding, max supply or inflation rate.
Lots and lots of FUD here.
The rewards do not increase with nfactor. the reward depends on the difficulty. If the difficulty is high, reward is smaller. When the difficulty drops, reward increases, to a max of 100 coins per block.
I can't believe how complicated this is.
So is coinmarketcap correct, are there roughly 350,000 total cache coins outstanding right now? Is that part correct?
If it is then the inflation is very low indeed so even if the max cap is high it wouldn't bother me much.
Thank you!
Do you have US dollars? Do you want to talk about that money supply? 'Complicated' wouldn't even begin to describe it.
There is no 'cap' on the CACHE money supply. Again, the tools I mentioned previously for YACoin would benefit CACHE as well:
http://forecast.yacoin.net
http://explore.grokonet.com/?inflation=1
There is no limit on how many coins can be mined. But on each transaction, the coin fees are destroyed. So new coins get generated while old ones get destroyed.
You should avoid terms like 'no limit' or 'unlimited';... it implies infinite or endless. In infinite time, will there be 1 trillion CACHE at some point? The answer is no, not necessarily, probably not, because there are limits. The amount of coins that can be 'mined' could be 1 CACHE per month, which would be pretty meaningless if 1,000+ coins are destroyed per month in a healthy CACHE economy
It is the same with PeerCoin, YACoinThe rewards do not increase with nfactor. the reward depends on the difficulty. If the difficulty is high, reward is smaller. When the difficulty drops, reward increases, to a max of 100 coins per block.
When the NFactor changes, the hashrate of your GPU, CPU drops by at least half, which results in difficulty decreasing, thus block reward increasing. Theoretically, the NFactor change could attract more miners (CPUs and high VRAM GPUs gain competitive advantages) enough so to actually increase the difficulty after an NFactor change, but we have yet to see that result in any of the scrypt-chacha coins as of yet.
The rewards do not increase with nfactor. the reward depends on the difficulty. If the difficulty is high, reward is smaller. When the difficulty drops, reward increases, to a max of 100 coins per block.
I can't believe how complicated this is.
So is coinmarketcap correct, are there roughly 350,000 total cache coins outstanding right now? Is that part correct?
If it is then the inflation is very low indeed so even if the max cap is high it wouldn't bother me much.
Thank you!
Wow, these answers are all over the place.
I've never seen any coin where the current coins outstanding were such a mystery.
And the same goes for the max supply.
Can we at least get a clear answer for the current total outstanding coins. And the current monthly subsidy [inflation]?
And then we can pretend the max cap can go to some very vague infinity.
Thanks!
There is no limit on how many coins can be mined. But on each transaction, the coin fees are destroyed. So new coins get generated while old ones get destroyed.
Can we at least get a clear answer for the current total outstanding coins. And the current monthly subsidy [inflation]?
Current coin supply is available in "getinfo" output under "moneysupply". I have no client handy, but if you need that number so bad, download a client :-)
And the monthly inflation is unknown but we know for sure that it keeps increasing because the block rewards increase along with the nfactors (indirectly).
The rewards do not increase with nfactor. the reward depends on the difficulty. If the difficulty is high, reward is smaller. When the difficulty drops, reward increases, to a max of 100 coins per block.
Current coin supply is available in "getinfo" output under "moneysupply". I have no client handy, but if you need that number so bad, download a client :-)
And the monthly inflation is unknown but we know for sure that it keeps increasing because the block rewards increase along with the nfactors (indirectly).
Don't have my laptop and unfortunately, I'm not a techie.
And one guy already did that and posted max supply as 1.2 million which was then disputed so it would be nice to get someone who really knows what's going on with this coin to clarify.
Thanks!
Edit: Coinmarketcap says there are less than 400k Cache coins outstanding. I would assume their source is verified and reliable.
Can we at least get a clear answer for the current total outstanding coins. And the current monthly subsidy [inflation]?
Current coin supply is available in "getinfo" output under "moneysupply". I have no client handy, but if you need that number so bad, download a client :-)
And the monthly inflation is unknown but we know for sure that it keeps increasing because the block rewards increase along with the nfactors (indirectly).
Wow, these answers are all over the place.
I've never seen any coin where the current coins outstanding were such a mystery.
And the same goes for the max supply.
Can we at least get a clear answer for the current total outstanding coins. And the current monthly subsidy [inflation]?
And then we can pretend the max cap can go to some very vague infinity.
Thanks!
Bottomline: CACHE moneysupply is indeed limited, but there is no set maximum (if it is like YACoin).
Can't anybody confirm this so it's clear. It's a very important aspect to investing in any coin.
Cheers!
Technically the coins supply is not limited, no.
Technically, there are limits; therefore, it is limited.
Indeed, let me rephrase this.
Practically, the coin supply is not limited.
Bottomline: CACHE moneysupply is indeed limited, but there is no set maximum (if it is like YACoin).
Can't anybody confirm this so it's clear. It's a very important aspect to investing in any coin.
Cheers!
Technically the coins supply is not limited, no.
Technically, there are limits; therefore, it is limited.
Bottomline: CACHE moneysupply is indeed limited, but there is no set maximum (if it is like YACoin).
Can't anybody confirm this so it's clear. It's a very important aspect to investing in any coin.
Cheers!
Technically the coins supply is not limited, no.
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