how many DTC exist right now? anyone know?
There exists ~450K DTC right now. It should be only near 20K DTC per day created when difficulty and network primes\sec balance. Now network is stabilizing, difficulty adjusting
Topic: [ANN][Datacoin] Datacoin blockchain start announcement (Minor code upd + logo) - page 86. (Read 171852 times)
November 20, 2013, 02:37:10 AM
There exists ~450K DTC right now. It should be only near 20K DTC per day created when difficulty and network primes\sec balance. Now network is stabilizing, difficulty adjusting
November 20, 2013, 02:18:44 AM
You can buy a 1 TB disk for about 1BTC or less. So 1 kb costs about 1/1000 000 000 BTC = 0.05 DTC (hard-coded)
So 1 DTC should equal about 20/1000 000 000 BTC = 0.00000002BTC
So 1 DTC should equal about 20/1000 000 000 BTC = 0.00000002BTC
lol, remember that it is not simply local storage, it is backed up on couple of computers
remember how much does it cost to get 1TB storage on VPS, for example. And hosting provider can shut down VPS or delete info from disk - no such way for datacoin November 20, 2013, 01:50:36 AM
oocook5u, any reason why you did not include a filename field along with the data field? Or is the data storage supposed to be obscure so its only retrievable by those who know what is stored there?
November 20, 2013, 12:48:05 AM
You can buy a 1 TB disk for about 1BTC or less. So 1 kb costs about 1/1000 000 000 BTC = 0.05 DTC (hard-coded)
So 1 DTC should equal about 20/1000 000 000 BTC = 0.00000002BTC
So 1 DTC should equal about 20/1000 000 000 BTC = 0.00000002BTC
November 19, 2013, 11:51:06 PM
Anyone bought or sold these? Do they have any market value atmo? Any idea where the price is at?
Selling at about 0.0002 DTS/BTC last time I checked. November 19, 2013, 11:04:28 PM
Anyone mining it???
November 19, 2013, 10:39:44 PM
how many DTC exist right now? anyone know?
November 19, 2013, 10:38:16 PM
Personally, I think 1 DC per 1KB would make the mining more valuable. I also think it would be interesting if there was a way to charge for retrieving files from the blockchains. Not sure how that would work though.
November 19, 2013, 10:23:14 PM
Those fee can't be correct can they? any tx fee is 0.05DTC? the entire blocks are only 15DTS and shrinking.
I'm sure this 0.05 is just hard-coded in the client and that in future it would be miners that set their "fee threshold" of which blocks to accept (after all, it is the miners that get the fee and pay the storage costs).
0.05 seems like the right sort of fee to me at this stage when DTC are relatively easy to get, though I suppose it all depends on how much data you wanted to attach!
November 19, 2013, 10:21:03 PM
So the transaction fee does not increase with the size of the data being sent? Personally, I think the more someone stores in the blockchain the more they should have to pay in a fee.
Sorry, I'm not clear enough
Here are details and example:
Minimal tx fee is 0.05DTC => any tx will cost at least 0.05DTC
1Kb fee is also 0.05DTC => tx fee = tx size * 0.05DTC
Let's check how this works (I use non-hp version of daemon and perl scripts from https://github.com/foo1inge/datacoin-browser):
"balance" : 31.83000000,
$ perl dtc_put_file.pl ubuntu-12.04.3-alternate-amd64.iso.torrent
db0bbf965ee6da1d6e546b5d5b0d6f8a0934687d9ea7b9fd9af91491cfb7011a
"balance" : 30.33000000,
ubuntu-12.04.3-alternate-amd64.iso.torrent is 29Kb long
Total fee for 29Kb (+ some meta information added by scripts) is 1.50 DTC (30Kb * 0.05 = 1.50).
Thanks for clearing that up.
So 0.05 DTC = 1Kb of storage.
I like it!
November 19, 2013, 10:03:59 PM
So the transaction fee does not increase with the size of the data being sent? Personally, I think the more someone stores in the blockchain the more they should have to pay in a fee.
Sorry, I'm not clear enough
Here are details and example:
Minimal tx fee is 0.05DTC => any tx will cost at least 0.05DTC
1Kb fee is also 0.05DTC => tx fee = tx size * 0.05DTC
Let's check how this works (I use non-hp version of daemon and perl scripts from https://github.com/foo1inge/datacoin-browser):
"balance" : 31.83000000,
$ perl dtc_put_file.pl ubuntu-12.04.3-alternate-amd64.iso.torrent
db0bbf965ee6da1d6e546b5d5b0d6f8a0934687d9ea7b9fd9af91491cfb7011a
"balance" : 30.33000000,
ubuntu-12.04.3-alternate-amd64.iso.torrent is 29Kb long
Total fee for 29Kb (+ some meta information added by scripts) is 1.50 DTC (30Kb * 0.05 = 1.50).
Those fee can't be correct can they? any tx fee is 0.05DTC? the entire blocks are only 15DTS and shrinking.
November 19, 2013, 09:30:15 PM
So the transaction fee does not increase with the size of the data being sent? Personally, I think the more someone stores in the blockchain the more they should have to pay in a fee.
Sorry, I'm not clear enough
Here are details and example:
Minimal tx fee is 0.05DTC => any tx will cost at least 0.05DTC
1Kb fee is also 0.05DTC => tx fee = tx size * 0.05DTC
Let's check how this works (I use non-hp version of daemon and perl scripts from https://github.com/foo1inge/datacoin-browser):
"balance" : 31.83000000,
$ perl dtc_put_file.pl ubuntu-12.04.3-alternate-amd64.iso.torrent
db0bbf965ee6da1d6e546b5d5b0d6f8a0934687d9ea7b9fd9af91491cfb7011a
"balance" : 30.33000000,
ubuntu-12.04.3-alternate-amd64.iso.torrent is 29Kb long
Total fee for 29Kb (+ some meta information added by scripts) is 1.50 DTC (30Kb * 0.05 = 1.50).
November 19, 2013, 09:09:01 PM
So the transaction fee does not increase with the size of the data being sent? Personally, I think the more someone stores in the blockchain the more they should have to pay in a fee.
November 19, 2013, 08:48:39 PM
In my understanding, a transaction with or without extra data always have a 0.05 DTS fee?
If 1Kb or 128Kb of data is push in the data field, the price is always the same 0.05 DTS?
Thanks
If 1Kb or 128Kb of data is push in the data field, the price is always the same 0.05 DTS?
Thanks
I think this is correct but would need the developer to confirm.
Yes, this is a min tx fee.
November 19, 2013, 07:17:11 PM
Anyone bought or sold these? Do they have any market value atmo? Any idea where the price is at?
I agree, has anyone found a fair market value in btc or usd yet?
November 19, 2013, 06:59:48 PM
Anyone bought or sold these? Do they have any market value atmo? Any idea where the price is at?
November 19, 2013, 06:39:18 PM
In my understanding, a transaction with or without extra data always have a 0.05 DTS fee?
If 1Kb or 128Kb of data is push in the data field, the price is always the same 0.05 DTS?
Thanks
If 1Kb or 128Kb of data is push in the data field, the price is always the same 0.05 DTS?
Thanks
I think this is correct but would need the developer to confirm.
November 19, 2013, 05:43:44 PM
In my understanding, a transaction with or without extra data always have a 0.05 DTS fee?
If 1Kb or 128Kb of data is push in the data field, the price is always the same 0.05 DTS?
Thanks
If 1Kb or 128Kb of data is push in the data field, the price is always the same 0.05 DTS?
Thanks
November 19, 2013, 05:23:17 PM
http://www.peercointalk.org/index.php?topic=485.0
Maybe we need to talk to creator of miner and pool @beer.org
gl!
Maybe we need to talk to creator of miner and pool @beer.org
gl!
November 19, 2013, 05:17:19 PM
Logo looks great, also congrats on actually adding something when you forked this, most people are just happy to have been able to change the name of the coin lol.
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