3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year.
12k x 365 days = 4.38 million coins
yeah. But it's not 80Mil.
Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6777. (Read 9723522 times)
February 25, 2014, 07:16:16 PM
12k x 365 days = 4.38 million coins
yeah. But it's not 80Mil.
February 25, 2014, 07:15:53 PM
You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions
| Year | Blocks a year | Max reward per block | Coins a year | Total coins |
| 0 | 210240 | 25 | 5256000 | 5256000 |
| 1 | 210240 | 12.5 | 2628000 | 7884000 |
| 2 | 210240 | 3.125 | 657000 | 8541000 |
| 3 | 210240 | 0.390625 | 82125 | 8623125 |
| 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 |
| 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 |
| 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
Shouldn't it be 25, 12.5, 6.25, 3.125, 1.5625 etc? (/2, then /2, then /2... halving as I understand it means /2)
February 25, 2014, 07:14:40 PM
You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions
| Year | Blocks a year | Max reward per block | Coins a year | Total coins |
| 0 | 210240 | 25 | 5256000 | 5256000 |
| 1 | 210240 | 12.5 | 2628000 | 7884000 |
| 2 | 210240 | 3.125 | 657000 | 8541000 |
| 3 | 210240 | 0.390625 | 82125 | 8623125 |
| 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 |
| 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 |
| 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which.
https://github.com/evan82/darkcoin/tree/master/src
main.cpp line 1108
February 25, 2014, 07:14:29 PM
3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year.
12k x 365 days = 4.38 million coins
430.000 = 35 days mining.
February 25, 2014, 07:12:33 PM
3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year. Diff incrase, reward decrase, so next year coin supply will be <400000. So total coin supply in 1 year will be <4 Mil.
If capitalization can grown to 20M $ as protoshares then 1 coin can cost 5$.
If capitalization can grown to 20M $ as protoshares then 1 coin can cost 5$.
February 25, 2014, 07:04:48 PM
You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions
| Year | Blocks a year | Max reward per block | Coins a year | Total coins |
| 0 | 210240 | 25 | 5256000 | 5256000 |
| 1 | 210240 | 12.5 | 2628000 | 7884000 |
| 2 | 210240 | 3.125 | 657000 | 8541000 |
| 3 | 210240 | 0.390625 | 82125 | 8623125 |
| 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 |
| 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 |
| 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which.
February 25, 2014, 07:03:10 PM
I messaged the owner of drk.coinmine.pl and asked him to disable registrations and add a banner to the pool asking users to redirect their hashing power elsewhere. Hopefully we can resolve this quickly.
February 25, 2014, 07:02:20 PM
You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.
It'll never reach 80 millions
| Year | Blocks a year | Max reward per block | Coins a year | Total coins |
| 0 | 210240 | 25 | 5256000 | 5256000 |
| 1 | 210240 | 12.5 | 2628000 | 7884000 |
| 2 | 210240 | 3.125 | 657000 | 8541000 |
| 3 | 210240 | 0.390625 | 82125 | 8623125 |
| 4 | 210240 | 0.024414063 | 5132.8125 | 8628257.813 |
| 5 | 210240 | 0.000762939 | 160.4003906 | 8628418.213 |
| 6 | 210240 | 1.19209E-05 | 2.506256104 | 8628420.719 |
February 25, 2014, 06:53:09 PM
LISTEN UP
The coinmine pool at https://www2.coinmine.pl/drk/index.php has 80% of the total hashrate
80% of total hashrate!
We absolutely need to spread out the power to other pools, look at the list on www.darkcoin.io or all the new pools people are posting and change your miners. To the official pool at least which the devs control.
I don't want to spread FUD and accusations but there has been a lot of weird stuff happening these days. Part of it can be explained by the C-CEX.com hacks which put a ton of DRK on the market to be dumped on poloniex. But maybe, just maybe, the biggest pool is authoring double spends and sending fake DRK to be dumped. I'm very sorry to even bring this up if it's false and I mean no offense but it's something to consider. Someone may be draining DRK for all it's worth. Or someone (competitor?) may be intentionally investing in bringing down DRK as well but at least we can power through that.
If the coinmine pool owner reads this, please respond in any way possible, no offense was meant.
One thing is for sure, DRK is under attack by someone who wants to A) Destroy it and bring the price down while they bring out their competitor B) Lower the price insanely and then buy it all up, which makes no sense since they already have tons of coins.
The coinmine pool at https://www2.coinmine.pl/drk/index.php has 80% of the total hashrate
80% of total hashrate!
We absolutely need to spread out the power to other pools, look at the list on www.darkcoin.io or all the new pools people are posting and change your miners. To the official pool at least which the devs control.
I don't want to spread FUD and accusations but there has been a lot of weird stuff happening these days. Part of it can be explained by the C-CEX.com hacks which put a ton of DRK on the market to be dumped on poloniex. But maybe, just maybe, the biggest pool is authoring double spends and sending fake DRK to be dumped. I'm very sorry to even bring this up if it's false and I mean no offense but it's something to consider. Someone may be draining DRK for all it's worth. Or someone (competitor?) may be intentionally investing in bringing down DRK as well but at least we can power through that.
If the coinmine pool owner reads this, please respond in any way possible, no offense was meant.
One thing is for sure, DRK is under attack by someone who wants to A) Destroy it and bring the price down while they bring out their competitor B) Lower the price insanely and then buy it all up, which makes no sense since they already have tons of coins.
February 25, 2014, 06:51:42 PM
Early adopters were mining with cpu's - new formula was implemented after gpu miner was published as the hashrates were multiplied.
The change you're talking about was the second, the first one here: https://github.com/evan82/darkcoin/commit/ab58f240aca5b43e22b990c4a872fce4174bcf80Right now it's already 4th version.
The latest changes (https://github.com/evan82/darkcoin/commit/970f9d202aeb90c5d9168736a07c05ed0e2fc448) was made as to prevent a possible attack https://bitcointalksearch.org/topic/m.5348513. But it could be prevented by starting more p2pools, and I see the change as an attempt to limit reward to 25, so if the coin lose popularity nobody could get blocks with up to 153 coins.
Initial miners got more coin as in any coin. There were three formulas, initial one was changed very quickly, then there was the cpu mining formula and after a threshold of 75 of difficulty , the new GPU formula (which gives out more coin for a longer time) kicked in. Nothing sinister about it. Early adopters get more, it's always like that. With so many coins coming out these days , why shouldn't they.
February 25, 2014, 06:43:18 PM
Early adopters were mining with cpu's - new formula was implemented after gpu miner was published as the hashrates were multiplied.
The change you're talking about was the second, the first one here: https://github.com/evan82/darkcoin/commit/ab58f240aca5b43e22b990c4a872fce4174bcf80Right now it's already 4th version.
The latest changes (https://github.com/evan82/darkcoin/commit/970f9d202aeb90c5d9168736a07c05ed0e2fc448) was made as to prevent a possible attack https://bitcointalksearch.org/topic/m.5348513. But it could be prevented by starting more p2pools, and I see the change as an attempt to limit reward to 25, so if the coin lose popularity nobody could get blocks with up to 153 coins.
February 25, 2014, 06:42:54 PM
Please launch DARKERCOIN with 5% premine of 100 billion DarkerCOINS. I want to invest in your IPO!!
You already invested into a coin with dev having 25% of issued coins.
where are you getting this info from
stop spreading fud
If you check the first blocks and how the coins moved after, you'll find wallets where coins were consolidated about the same time, here are some of them:
http://explorer.darkcoin.io/address/cbyT4TTmzQTstMMQsn4qnuzYv7pToysMxD
http://explorer.darkcoin.io/address/cmBVfrgkBuagRy8fE9MJHfSMhf3PZgQxMP
http://explorer.darkcoin.io/address/cfm1sgj5yrPCAKpjFgi7HmzhuDF4SZurSc
The block reward already dropped from 500 to <25 (>20x drop or 4 complete halving), the initial reward formula favored only early adopters that's why (as told in the following comment) it was tweaked a bit the first time https://bitcointalksearch.org/topic/m.4675670.
I consider all the changes to reward formula as a way to keep control over huge portion of coins in one or very few hands. Also controlling the largest pool helps promoting any changes.
You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out. Oh right, this situation reminds me of another coin that many early adopters have tons of - but is currently very hard to mine... Bitcoin. Don't want to own any of those coins, right?
IMO, all of these posters complaining about the reward system are mine 'n dump profiteers who are angry that they can't treat DarkCoin like the latest crapcoin of the week now that the price has increased.
February 25, 2014, 06:37:19 PM
What the fuck is happening to darkcoin. Seriously.
February 25, 2014, 06:33:37 PM
Early adopters were mining with cpu's - new formula was implemented after gpu miner was published as the hashrates were multiplied.
February 25, 2014, 06:33:16 PM
Price dropped 
.
. February 25, 2014, 06:26:28 PM
Please launch DARKERCOIN with 5% premine of 100 billion DarkerCOINS. I want to invest in your IPO!!
You already invested into a coin with dev having 25% of issued coins.
where are you getting this info from
stop spreading fud
They changed the formula for block reward and didn't leave a disclaimer on the front page telling people the original formula for early adopters.
February 25, 2014, 06:23:09 PM
Please launch DARKERCOIN with 5% premine of 100 billion DarkerCOINS. I want to invest in your IPO!!
You already invested into a coin with dev having 25% of issued coins.
where are you getting this info from
stop spreading fud
If you check the first blocks and how the coins moved after, you'll find wallets where coins were consolidated about the same time, here are some of them:
http://explorer.darkcoin.io/address/cbyT4TTmzQTstMMQsn4qnuzYv7pToysMxD
http://explorer.darkcoin.io/address/cmBVfrgkBuagRy8fE9MJHfSMhf3PZgQxMP
http://explorer.darkcoin.io/address/cfm1sgj5yrPCAKpjFgi7HmzhuDF4SZurSc
The block reward already dropped from 500 to <25 (>20x drop or 4 complete halving), the initial reward formula favored only early adopters that's why (as told in the following comment) it was tweaked a bit the first time https://bitcointalksearch.org/topic/m.4675670.
I consider all the changes to reward formula as a way to keep control over huge portion of coins in one or very few hands. Also controlling the largest pool helps promoting any changes.
February 25, 2014, 06:05:28 PM
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February 25, 2014, 05:53:54 PM
another big dump just happened on poloniex
Yes ... I ve made the summ of all the sell at 22:28:26and the total is : 30.61289687 BTC
What are he (they) doing with DRK since last week??
It seem that a group of person want to put it down??
Edit : unfurtunatly I don't have BTC to buy cheap..
I'll need to sell some Mint to buy cheap DRK .
It really does seem like a deliberate attack on DRK. Honestly have no other way of explaining such massive dumps for so cheap.
February 25, 2014, 05:53:39 PM
Poloniex is having issues in its functionality. I went earlier to buy, clicked, nothing happened. Sell, click, nothing happened (on already set prices on the other side - so no waiting should be involved). All those flat lines in the history graph with low/high/close the same, indicate zero activity, and I doubt this zero activity is due to sellers or buyers doing nothing because I tried it myself and I could not perform operations.
Yea he said he forgot to restart the daemon for trades when they did an upgrade earlier.
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