Topic: [ANN][CAU] Canxium: Welcome to the Offline Mining (Read 1838 times)
Introducing the Canxium Blockchain : https://www.youtube.com/watch?v=pRFRRa98pg4
Canxium coin new available on coinmarketcap: https://coinmarketcap.com/currencies/canxium/
Our own dex will be ready soon: https://app.canxium.org/
I realized the crypto market had too many problems, so many. But I am going to fix it, I created a coin that aims for stability and sustainability, where crazy pump and dumps would be difficult or if it happened, the supply mechanism of it will also react in reverse to find an equilibrium point.
From there, creating a solid foundation to bring stability, sustainability and move towards more widespread application in daily life instead of just dump and pump to seek profits.
"I imaging this coin, by incentivizing people use it instead of hold it in the long run, but at the same time being able to hold if demand is there in the market."
From there, creating a solid foundation to bring stability, sustainability and move towards more widespread application in daily life instead of just dump and pump to seek profits.
"I imaging this coin, by incentivizing people use it instead of hold it in the long run, but at the same time being able to hold if demand is there in the market."
We're working on new Dex called Thor Swap guys.
I am bounty/Airdrop professional manager.
Can I run a Bounty/Airdrop with your project?
Sir do you want to launch the project?
Contact Telegram: @l_a_n_a_3
Can I run a Bounty/Airdrop with your project?
Sir do you want to launch the project?
Contact Telegram: @l_a_n_a_3
Our new whitepaper will be ready soon.
https://www.publish0x.com/crypto-bits/canxiumcau-achieving-victories-with-new-heights-and-dreams-xvzewzx
New paths and visions can help a project fly high...
We did it, finally the offline mining are live on testnet: https://twitter.com/canxiumchain/status/1683019985965424641
Canxium is an innovation in the crypto space and it has its own unique mechanisms. Many of its concepts are new and unknown to people. In this article, we are going answer some of the frequently asked questions about Canxium and the working of its mechanisms.
What is the maximum supply of CAU?
Canxium has no maximum supply. There is no limit set for the max supply of CAU. It adopts a demand-driven approach, where the coin supply is determined by market demand. The production of CAU will increase by increasing demand and vice versa due to its unique block reward distribution mechanism. But the key point is that the cost to mine one CAU is high, so miners can only mine CAU as per market demand. So there is no total supply limit for CAU, it has only a circulating supply which increases as new coins are mined.
What is the circulating supply of CAU?
Circulating supply means the total number of coins that are available on the blockchain. The circulating supply of CAU at the time of writing this article is 169,750 CAU. CAU will reach the circulating supply of 1,051,200 CAU at the hydro fork. The rate of increment in circulating supply is high for the first year till the hydro fork to ensure enough supply of CAU in the ecosystem. The supply will increase without taking demand into account till Hydro Fork. After the Hydro fork, the rate may increase or decrease depending on the demand, and supply will increase as per demand.
What is Hydro Fork?
The Hydro Fork will occur at block 4,204,800. After Hydro Fork, Canxium will change its fixed block reward to a variable block reward which will be directly proportional to demand. At the time of writing this article, 679,880 blocks are mined. So 3,524,920 blocks are remaining for Hydro Fork which can take estimated 347 days to mine by taking an average block time of 8.5 sec.
How much is Canxium’s block reward?
Before and after Hydro Fork
Currently, the block reward is 0.25 CAU. 75% of the block reward is credited to the miners and 25% goes to the foundation fund. Miners will receive 0.1875 CAU per block before the Hydro Fork and the rest will go to foundation funds. The block reward is set to be 0.25 CAU for the first year till the hydro fork to ensure enough supply of CAU in the ecosystem.
After Hydro Fork, the block reward will be 500 Wei per difficulty hash. This will make the block reward variable with respect to mining difficulty. An increase in difficulty means an increase in block reward.
For Example:
If the mining difficulty is 0.1 PH, the block reward will be 0.05 CAU
As 0.1PH = 100,000,000,000,000
100,000,000,000,000 Hash * 500 = 0.05 CAU. (as block reward is 500 Wei/hash)
If the mining diffculty is 1 PH, the block reward will be 0.5 CAU
As 1PH = 1,000,000,000,000,000
1,000,000,000,000,000 Hash * 500 = 0.5 CAU. (as block reward is 500 Wei/hash)
A complete demonstration of the block rewards per different mining diffculties is given in the Excel sheet Canxium Chain.
After Hydro Fork, 98% of the block reward will be credited to the miner and 2% to foundation funds.
What will be the Circulating supply at Hydro Fork?
Canxium mainnet launched two months ago with no pre-mine, no airdrop, and no private sale. Only 1,051,200 CAU can be mined for the first year. CAU will reach the circulating supply of 1,051,200 CAU at the Hydro Fork. From which 788,400 CAU (75%) will go to miners as block reward and 262,800 (25%) will go to foundation funds. Right now, we can’t predict the difficulty (hash) and demand at that time. That’s why we can’t estimate the circulating supply after Hydro Fork as the increment in supply would be variable (as block rewards would be variable).
What are Foundation Funds?
Canxium launched without any pre-mine or private sale. So the funds required for the development and marketing of the project are taken from foundation funds. 25% of the block reward will deposit in foundation funds till the hydro fork. The percentage for foundation funds is higher for the first year as the project needs more funds in the early stages for marketing, exchange listing, and other tasks. The percentage of foundation funds is set to be only 2% after the hydro fork which will be used for the maintenance and other tasks.
What’s the estimated cost to mine 1 CAU? (Before Hydro Fork and after Hydro Fork)
This question doesn’t have an absolute answer as mining cost varies in different circumstances and regions. Electricity and other costs vary country by country. But for now, the estimated cost to mine 1 CAU is about 1–5$ (before Hydro Fork). After the Hydro Fork, the estimated cost to mine 1 CAU can become greater than 50$. The mining cost after Hydro Fork is well demonstrated in the Excel sheet Canxium Chain.
Canxium has an inflationary supply model like Ethereum?
Canxium blockchain looks like an inflationary model like Ethereum or Dogecoin as it has no maximum supply but it’s different. Unlike traditional blockchains with fixed supply or inflationary or deflationary mechanisms, Canxium adopts a demand-driven approach, where the total coin supply is determined by market demand. So CAU can suffer both inflation and deflation based on the demand.
In a nutshell, the block reward depends on the difficulty and difficulty depends upon demand, as mining is the only way to produce CAU so the circulating supply will depend on it. In Canxium there is no total or max supply, more CAU will enter the supply according to demand.
What is the maximum supply of CAU?
Canxium has no maximum supply. There is no limit set for the max supply of CAU. It adopts a demand-driven approach, where the coin supply is determined by market demand. The production of CAU will increase by increasing demand and vice versa due to its unique block reward distribution mechanism. But the key point is that the cost to mine one CAU is high, so miners can only mine CAU as per market demand. So there is no total supply limit for CAU, it has only a circulating supply which increases as new coins are mined.
What is the circulating supply of CAU?
Circulating supply means the total number of coins that are available on the blockchain. The circulating supply of CAU at the time of writing this article is 169,750 CAU. CAU will reach the circulating supply of 1,051,200 CAU at the hydro fork. The rate of increment in circulating supply is high for the first year till the hydro fork to ensure enough supply of CAU in the ecosystem. The supply will increase without taking demand into account till Hydro Fork. After the Hydro fork, the rate may increase or decrease depending on the demand, and supply will increase as per demand.
What is Hydro Fork?
The Hydro Fork will occur at block 4,204,800. After Hydro Fork, Canxium will change its fixed block reward to a variable block reward which will be directly proportional to demand. At the time of writing this article, 679,880 blocks are mined. So 3,524,920 blocks are remaining for Hydro Fork which can take estimated 347 days to mine by taking an average block time of 8.5 sec.
How much is Canxium’s block reward?
Before and after Hydro Fork
Currently, the block reward is 0.25 CAU. 75% of the block reward is credited to the miners and 25% goes to the foundation fund. Miners will receive 0.1875 CAU per block before the Hydro Fork and the rest will go to foundation funds. The block reward is set to be 0.25 CAU for the first year till the hydro fork to ensure enough supply of CAU in the ecosystem.
After Hydro Fork, the block reward will be 500 Wei per difficulty hash. This will make the block reward variable with respect to mining difficulty. An increase in difficulty means an increase in block reward.
For Example:
If the mining difficulty is 0.1 PH, the block reward will be 0.05 CAU
As 0.1PH = 100,000,000,000,000
100,000,000,000,000 Hash * 500 = 0.05 CAU. (as block reward is 500 Wei/hash)
If the mining diffculty is 1 PH, the block reward will be 0.5 CAU
As 1PH = 1,000,000,000,000,000
1,000,000,000,000,000 Hash * 500 = 0.5 CAU. (as block reward is 500 Wei/hash)
A complete demonstration of the block rewards per different mining diffculties is given in the Excel sheet Canxium Chain.
After Hydro Fork, 98% of the block reward will be credited to the miner and 2% to foundation funds.
What will be the Circulating supply at Hydro Fork?
Canxium mainnet launched two months ago with no pre-mine, no airdrop, and no private sale. Only 1,051,200 CAU can be mined for the first year. CAU will reach the circulating supply of 1,051,200 CAU at the Hydro Fork. From which 788,400 CAU (75%) will go to miners as block reward and 262,800 (25%) will go to foundation funds. Right now, we can’t predict the difficulty (hash) and demand at that time. That’s why we can’t estimate the circulating supply after Hydro Fork as the increment in supply would be variable (as block rewards would be variable).
What are Foundation Funds?
Canxium launched without any pre-mine or private sale. So the funds required for the development and marketing of the project are taken from foundation funds. 25% of the block reward will deposit in foundation funds till the hydro fork. The percentage for foundation funds is higher for the first year as the project needs more funds in the early stages for marketing, exchange listing, and other tasks. The percentage of foundation funds is set to be only 2% after the hydro fork which will be used for the maintenance and other tasks.
What’s the estimated cost to mine 1 CAU? (Before Hydro Fork and after Hydro Fork)
This question doesn’t have an absolute answer as mining cost varies in different circumstances and regions. Electricity and other costs vary country by country. But for now, the estimated cost to mine 1 CAU is about 1–5$ (before Hydro Fork). After the Hydro Fork, the estimated cost to mine 1 CAU can become greater than 50$. The mining cost after Hydro Fork is well demonstrated in the Excel sheet Canxium Chain.
Canxium has an inflationary supply model like Ethereum?
Canxium blockchain looks like an inflationary model like Ethereum or Dogecoin as it has no maximum supply but it’s different. Unlike traditional blockchains with fixed supply or inflationary or deflationary mechanisms, Canxium adopts a demand-driven approach, where the total coin supply is determined by market demand. So CAU can suffer both inflation and deflation based on the demand.
In a nutshell, the block reward depends on the difficulty and difficulty depends upon demand, as mining is the only way to produce CAU so the circulating supply will depend on it. In Canxium there is no total or max supply, more CAU will enter the supply according to demand.
The Unique Economics of Canxium: Decentralized Supply Control Mechanism: https://medium.com/@canxium/the-unique-economics-of-canxium-decentralized-supply-control-mechanism-263d1b7d8cf6
Only 788k CAU can be mine easy before the Hydro fork. Don't be late!
After the fork, mining CAU will be a fierce battle.
After the fork, mining CAU will be a fierce battle.
Hello, Pacman just joined us as a mining pool, let give a warm welcome to them.
https://miningpacman.pw/#canxium/dashboard
Please test the pool and give me your feedback.
https://miningpacman.pw/#canxium/dashboard
Please test the pool and give me your feedback.
Offline mining are scheduled to live on Cerium testnet on 7/2023, don't miss it. Join us.
share your discord please
Hi
I find the idea of your project quite fascinating.
I have a proposal to promote it
I am associalted with a web 3 microblogging platform on the hive blogchain. The platfrom is developed by leofinance.io and is called leothreads
Currently the project is onboarding and supporting new threads to come onboard and the active community of users can promote the project of yours
The best part of this onboarding process is that we do not seek any investment from you in this regard.
Can we take this forward and onboard you ?
So that we can collectivily propogate this project?
I find the idea of your project quite fascinating.
I have a proposal to promote it
I am associalted with a web 3 microblogging platform on the hive blogchain. The platfrom is developed by leofinance.io and is called leothreads
Currently the project is onboarding and supporting new threads to come onboard and the active community of users can promote the project of yours
The best part of this onboarding process is that we do not seek any investment from you in this regard.
Can we take this forward and onboard you ?
So that we can collectivily propogate this project?
Wonderful, contact me via discord.
Hi
I find the idea of your project quite fascinating.
I have a proposal to promote it
I am associalted with a web 3 microblogging platform on the hive blogchain. The platfrom is developed by leofinance.io and is called leothreads
Currently the project is onboarding and supporting new threads to come onboard and the active community of users can promote the project of yours
The best part of this onboarding process is that we do not seek any investment from you in this regard.
Can we take this forward and onboard you ?
So that we can collectivily propogate this project?
I find the idea of your project quite fascinating.
I have a proposal to promote it
I am associalted with a web 3 microblogging platform on the hive blogchain. The platfrom is developed by leofinance.io and is called leothreads
Currently the project is onboarding and supporting new threads to come onboard and the active community of users can promote the project of yours
The best part of this onboarding process is that we do not seek any investment from you in this regard.
Can we take this forward and onboard you ?
So that we can collectivily propogate this project?
Another day, another hashrate ATH: 800 GH/s
This project may be a dark horse in the near future
Or maybe not (more likely).
This project may be a dark horse in the near future
Pool updated with nicehash port
Canxium POOL (EU, ddos protection) auto payout changed to 2cau each 4h
http://cau.cryptohood.org/
GPU: stratum: cau.cryptohood.org:8008
NICEHASH: cau.cryptohood.org:8009
t-rex -a ethash -o stratum+tcp://cau.cryptohood.org:8008 -u cau_address
Canxium POOL (EU, ddos protection) auto payout changed to 2cau each 4h
http://cau.cryptohood.org/
GPU: stratum: cau.cryptohood.org:8008
NICEHASH: cau.cryptohood.org:8009
t-rex -a ethash -o stratum+tcp://cau.cryptohood.org:8008 -u cau_address
Planning to do an IEO in Q1/2024, make sure you join our discord. Cancel
https://www.publish0x.com/crypto-bits/canxiumcau-a-milestone-in-the-new-generation-xyenvxz
A new milestone that must be analyzed...
fixed , still do not have logo 
Logo is the most important, cannot change after release. Soon.Logo is ready, new explorer is released.
Stats: 326,317 Blocks, 2,560 Transactions, 94 Wallets.
81579.75 CAU mined.
fixed , still do not have logo
Logo is the most important, cannot change after release. Soon.
fixed , still do not have logo
NEW Canxium POOL (EU, ddos protection) auto payout 5CAU
http://cau.cryptohood.org/
stratum: cau.cryptohood.org:8008
t-rex -a ethash -o stratum+tcp://cau.cryptohood.org:8008 -u cau_address
for AMD use: Teamred miner!
http://cau.cryptohood.org/
stratum: cau.cryptohood.org:8008
t-rex -a ethash -o stratum+tcp://cau.cryptohood.org:8008 -u cau_address
for AMD use: Teamred miner!
I put one ASIC in solo for the experiment. The altcoinpool pool shows 3.83 mined in 24 hours. Block reward 0.19. According to the calculator, ~4.5 CAU per day should increase. Metamask displays ~21 CAU. I was unable to predict income.
Good for you, since this coin is new, miners come and left, network hashrates can increase to 150 GH/s and drop to 50 GH/s. So your income will not stable.
I put one ASIC in solo for the experiment. The altcoinpool pool shows 3.83 mined in 24 hours. Block reward 0.19. According to the calculator, ~4.5 CAU per day should increase. Metamask displays ~21 CAU. I was unable to predict income.
Looks good.
Can I use metamask address to mine this coin, once setting up the CAU on metamask?
Yes Can I use metamask address to mine this coin, once setting up the CAU on metamask?
Looks good.
Can I use metamask address to mine this coin, once setting up the CAU on metamask?
Can I use metamask address to mine this coin, once setting up the CAU on metamask?
This is very innovative coin.
Is there any pool to mine ?
Is there any pool to mine ?
New pool is added to #1 post.
Really interesting project, hopefully you can deliver what's in the roadmap. Will try to get at least 10CAU before the big players discover this.
This is very innovative coin.
Is there any pool to mine ?
Is there any pool to mine ?
Canxium difficulty reach 1.65TH, it's not profitable to mine CAU using CPU now.
Sooooo
Can I use my old laptop to earn some CAU?
Yes, offline mining is the way. Choose your own difficulty, for example: 10000000. And start the miner, let it run until it solve the pow challenge and you will get reward. Can be an hours, a day or week at your choice.
Can I use my old laptop to earn some CAU?
Yes, offline mining is the way. Choose your own difficulty, for example: 10000000. And start the miner, let it run until it solve the pow challenge and you will get reward. Can be an hours, a day or week at your choice.
After Hydro hardfork (block 4204800 ~ 11 months), 0.25 CAU block reward is removed. New reward formula is apply and make it very difficulty to mine one CAU.
Example: Reward is 1 CAU if the network difficulty reach 2000000000000000, so if you're using a laptop with the hashrate is 1 Mh/s, how long does it take to mine one block and receive 1 CAU?
The answer is: 72.90 Years!!!!!
Formula: https://docs.google.com/spreadsheets/d/1ka73YpAkjU_fHskyEAfpMMPUDTsmX4T3l4lstqX16kM/edit?usp=sharing
Example: Reward is 1 CAU if the network difficulty reach 2000000000000000, so if you're using a laptop with the hashrate is 1 Mh/s, how long does it take to mine one block and receive 1 CAU?
The answer is: 72.90 Years!!!!!
Formula: https://docs.google.com/spreadsheets/d/1ka73YpAkjU_fHskyEAfpMMPUDTsmX4T3l4lstqX16kM/edit?usp=sharing
What is the contract creation fee?
Look at the problem of other chain: a lot of garbage, unused contracts, spam transaction, spam token.... because of the cheap transaction fee and contract creation fee, I decided to add a fixed fee to every contract creation transaction is 100 CAU.
So how much 100 CAU worth?
Look at the problem of other chain: a lot of garbage, unused contracts, spam transaction, spam token.... because of the cheap transaction fee and contract creation fee, I decided to add a fixed fee to every contract creation transaction is 100 CAU.
So how much 100 CAU worth?
Do it yourself if you want some CAU in you wallet. Do it in the first year, next year it's very hard to mine just one CAU.
Introduce
Since 2009, A lot of blockchains have been released with the same concepts: Designed to be inflation or deflation only. Bitcoin is deflation by design, Ethereum is inflation before the Merge. I propose another concept: The total supply of the coin will be determined by supply and demand, when the demand is too high, price goes up, miners get more profit and more miners come to mine Canxium leads to hashrate/difficulty goes up and more Canxium will be added to the market. Because the higher the difficulty, the greater the reward. Same thing happens when the demand is too low. I also introduce a new mining concept: Offline mining.
Who is Behind Canxium?
Canximan -> Founder, developer and researcher.
Road map
2023: Start the pow chain, block mining algorithm is Ethash, set contract creation fee to 100 CAU: Done
2023: Support offline mining using Ethash: in progress
2024: Hydro harkford: remove 0.25 CAU block reward.
2024: Support more offline mining algorithms: SHA256, X11.
2025-2026: Switch consensus from pow to pos but offline mining is the only way to make more coins, no staking reward. Validator earn transaction fee and 2% total offline mining transaction reward included in the block.
2026 ->: More offline mining algorithms.
Links
Website: https://canxium.org/
Stats: https://stats.canxium.org/
Explorer: https://explorer.canxium.org/
Github: https://github.com/canxium/go-canxium
Paper: https://canxium.org/pdf/whitepaper_v2.1.pdf
Twitter: https://twitter.com/canxiumchain
Reddit: https://www.reddit.com/r/calciumchain/
Discord: https://discord.gg/SbxSPJ8FkD
How to mine: The hard way
1. Install golang: https://go.dev/doc/install
2. Clone canxium: git clone https://github.com/canxium/go-canxium.git
3. Compile canxium: make canxium
4. Init Canxium: ./build/bin/canxium --db.engine=pebble init ./genesis/mainnet.genesis.json
5. Mine: ./build/bin/canxium --http --http.api eth,net,web3 --ethstats:[email protected] --mine --miner.etherbase 0x0000000000000000000000000000000000000000 --miner.threads 1 --db.engine=pebble --bootnodes enode://314f1041da4b27f5e4c02b4eac52ca7bd2f025cb585490cb7032fdb08db737aa10d7d64a780db697643ece6027d3bc1a511696420e76192648c0d2d74d099c73@boot.canxium.net:30303
Community Mining Pool:
http://e4pool.com/en
Stratum: http://cau.e4pool.com:9236
Pool fee: 1%
Min. payout: 1 CAU once a day
Support: http://t.me/e4pool_howto
http://cau.cryptohood.org/
NEW Canxium POOL auto payout 5CAU
stratum: cau.cryptohood.org:8008
./t-rex -a ethash -o stratum+tcp://cau.cryptohood.org:8008 -u cau_address
AMD user use: teamred miner!
Metamask:
https://pbs.twimg.com/media/Fw3Izz6aAAItp01?format=jpg&name=4096x4096
Since 2009, A lot of blockchains have been released with the same concepts: Designed to be inflation or deflation only. Bitcoin is deflation by design, Ethereum is inflation before the Merge. I propose another concept: The total supply of the coin will be determined by supply and demand, when the demand is too high, price goes up, miners get more profit and more miners come to mine Canxium leads to hashrate/difficulty goes up and more Canxium will be added to the market. Because the higher the difficulty, the greater the reward. Same thing happens when the demand is too low. I also introduce a new mining concept: Offline mining.
Who is Behind Canxium?
Canximan -> Founder, developer and researcher.
Road map
2023: Start the pow chain, block mining algorithm is Ethash, set contract creation fee to 100 CAU: Done
2023: Support offline mining using Ethash: in progress
2024: Hydro harkford: remove 0.25 CAU block reward.
2024: Support more offline mining algorithms: SHA256, X11.
2025-2026: Switch consensus from pow to pos but offline mining is the only way to make more coins, no staking reward. Validator earn transaction fee and 2% total offline mining transaction reward included in the block.
2026 ->: More offline mining algorithms.
Links
Website: https://canxium.org/
Stats: https://stats.canxium.org/
Explorer: https://explorer.canxium.org/
Github: https://github.com/canxium/go-canxium
Paper: https://canxium.org/pdf/whitepaper_v2.1.pdf
Twitter: https://twitter.com/canxiumchain
Reddit: https://www.reddit.com/r/calciumchain/
Discord: https://discord.gg/SbxSPJ8FkD
How to mine: The hard way
1. Install golang: https://go.dev/doc/install
2. Clone canxium: git clone https://github.com/canxium/go-canxium.git
3. Compile canxium: make canxium
4. Init Canxium: ./build/bin/canxium --db.engine=pebble init ./genesis/mainnet.genesis.json
5. Mine: ./build/bin/canxium --http --http.api eth,net,web3 --ethstats
Community Mining Pool:
http://e4pool.com/en
Stratum: http://cau.e4pool.com:9236
Pool fee: 1%
Min. payout: 1 CAU once a day
Support: http://t.me/e4pool_howto
http://cau.cryptohood.org/
NEW Canxium POOL auto payout 5CAU
stratum: cau.cryptohood.org:8008
./t-rex -a ethash -o stratum+tcp://cau.cryptohood.org:8008 -u cau_address
AMD user use: teamred miner!
Metamask:
https://pbs.twimg.com/media/Fw3Izz6aAAItp01?format=jpg&name=4096x4096
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