page 4, post 66, dev already stated this "20Days/40 Days max, Start staking at 161280."
looks like we have to wait about 6 more weeks, for the remaining 25% pow, until pos
and yes, i think the math is off a bit
Topic: ★[ANN]★[GHC] Ghostcoin ☢ 4 Exchanges ☢ Fast ☢ POW/POS Hybrid ☢ OpenSSL Patched ☢ - page 24. (Read 98837 times)
March 24, 2014, 04:00:59 PM
March 24, 2014, 03:54:27 PM
The devs math is a touch off as it will be closer to 200M coins through pow. The next halving will occur very soon so that means ~75% of the minable coins have been mined so far. I believe it takes roughly 20 days from mining until the coins are able to stake so the first pos sgould come next weekend. I can't check the code right now to confirm so I'm going from memory but I'll check when I'm home later. And the 20% is the amount a staked coin will earn I believe in the first year.
March 24, 2014, 03:33:29 PM
Is your question for me or the developer? I'm not a miner, I'm an investor, so correct me if I'm wrong. POW can end now at 20%, but the coins don't start paying out until the 2 month mark - is this right? If POW continues for 6 more weeks there will be a lot more coins than 20%. Any clarity you can give me is appreciated. Thanks.
It's for the dev.Now, total coin is 157585208.
What Dev stated at any point of time contradicts.
March 24, 2014, 02:48:22 PM
Is your question for me or the developer? I'm not a miner, I'm an investor, so correct me if I'm wrong. POW can end now at 20%, but the coins don't start paying out until the 2 month mark - is this right? If POW continues for 6 more weeks there will be a lot more coins than 20%. Any clarity you can give me is appreciated. Thanks.
It's for the dev. March 24, 2014, 02:21:41 PM
Is your question for me or the developer? I'm not a miner, I'm an investor, so correct me if I'm wrong. POW can end now at 20%, but the coins don't start paying out until the 2 month mark - is this right? If POW continues for 6 more weeks there will be a lot more coins than 20%. Any clarity you can give me is appreciated. Thanks.
It's for the dev. March 24, 2014, 11:45:39 AM
POS Begins after 2 months.
Can you clear this up for me? Do you mean that it will remain POW up until May 10 even though, at this rate, we will be well over 20% of the total coins mined? Or do you mean that the coins will start staking after 2 months and that POW is ending now - 20% POW / 80% POS?? Thanks.
So, we are to assume the 20% POW / 80% POS figure is incorrect? It does matter.
March 24, 2014, 11:26:21 AM
POS Begins after 2 months.
Can you clear this up for me? Do you mean that it will remain POW up until May 10 even though, at this rate, we will be well over 20% of the total coins mined? Or do you mean that the coins will start staking after 2 months and that POW is ending now - 20% POW / 80% POS?? Thanks.
March 24, 2014, 11:00:58 AM
Thx man thats good to know, so i have a few weeks to mine ghostcoin after all, i was afraid i was
To late hehe.
Keep voting mintpal guys im giving ghostcoin 5 votes every hour.
To late hehe.
Keep voting mintpal guys im giving ghostcoin 5 votes every hour.
March 24, 2014, 10:51:31 AM
POS Begins after 2 months.
March 24, 2014, 09:35:39 AM
Halving?
March 24, 2014, 08:12:06 AM
The major liability for this coin is the dev. He's basically been AWOL since launch.
Nah, he's been around and updating posts. With POS/POW coins being pretty hot right now, hopefully he gets more active now with mining coming to an end. This has flown under the radar much like FLT did, but the dev really could help by showing his face more now!
March 24, 2014, 03:15:59 AM
Ok, let me tell you my calculations. There is already over 150millions aka over 20%, you can check it when you write "getinfo" at debug windows in wallet client. So that just mean something is wrong unless we take in consideration that 1% premine which is total 7.5million is counting without our mining, in that case POS will kick in after total 157.5Millions will be mined.
That could be one possibility, but then there will be some "wrong" anyhow.
"Ghostcoin will release 20% of total coins for Scrypt mining and 80% of total coins for POS minting. "
Above is the statement fond in the first post.
When 7.5M is 1% it automatically means 750M is 100%.
And if you add these numbers, 7.5M(Premine)+150M(regular mine)
157.5M is 21% of 750M. Then "80% PoS" is wrong statement.
Or in the other case, 750M total will be wrong.
March 24, 2014, 02:32:36 AM
Ok, let me tell you my calculations. There is already over 150millions aka over 20%, you can check it when you write "getinfo" at debug windows in wallet client. So that just mean something is wrong unless we take in consideration that 1% premine which is total 7.5million is counting without our mining, in that case POS will kick in after total 157.5Millions will be mined.
March 24, 2014, 01:06:56 AM
20% of 750M=150M
ramdom block reward of 1~8k would be 4.5k ave.
4.5k/150M = 33333.33(repeated)
and Current Block as of time of this post is 37848.
Can someone explain what is going on?
ramdom block reward of 1~8k would be 4.5k ave.
4.5k/150M = 33333.33(repeated)
and Current Block as of time of this post is 37848.
Can someone explain what is going on?
did you take into account the block halving that happened a week after release?
Thank you for pointing that out.
As of now it's 37999 blocks.
And first week blocks would be 20160 (approx)
20160x4.5k=90720k
17839x2.25k=40137.75k
Total of 130857.75k
We are almost there?
Thanks again.
Block Reward:
1000-8000 per block halving every week for 2 months.
March 24, 2014, 12:49:10 AM
20% of 750M=150M
ramdom block reward of 1~8k would be 4.5k ave.
4.5k/150M = 33333.33(repeated)
and Current Block as of time of this post is 37848.
Can someone explain what is going on?
ramdom block reward of 1~8k would be 4.5k ave.
4.5k/150M = 33333.33(repeated)
and Current Block as of time of this post is 37848.
Can someone explain what is going on?
did you take into account the block halving that happened a week after release?
Thank you for pointing that out.
As of now it's 37999 blocks.
And first week blocks would be 20160 (approx)
20160x4.5k=90720k
17839x2.25k=40137.75k
Total of 130857.75k
We are almost there?
Thanks again.
March 24, 2014, 12:11:47 AM
20% of 750M=150M
ramdom block reward of 1~8k would be 4.5k ave.
4.5k/150M = 33333.33(repeated)
and Current Block as of time of this post is 37848.
Can someone explain what is going on?
ramdom block reward of 1~8k would be 4.5k ave.
4.5k/150M = 33333.33(repeated)
and Current Block as of time of this post is 37848.
Can someone explain what is going on?
did you take into account the block halving that happened a week after release?
March 23, 2014, 11:19:21 PM
20% of 750M=150M
ramdom block reward of 1~8k would be 4.5k ave.
4.5k/150M = 33333.33(repeated)
and Current Block as of time of this post is 37848.
Can someone explain what is going on?
ramdom block reward of 1~8k would be 4.5k ave.
4.5k/150M = 33333.33(repeated)
and Current Block as of time of this post is 37848.
Can someone explain what is going on?
March 23, 2014, 10:56:52 PM
The major liability for this coin is the dev. He's basically been AWOL since launch.
March 23, 2014, 10:44:17 PM
Don't forget to keep voting (every hour) on Mintpal... IMO a good exchange for GHC... they love them POS coins there..
https://www.mintpal.com/voting
https://www.mintpal.com/voting
March 23, 2014, 08:10:46 PM
damn so mining soon will be over??? man i just started 2 days ago that sucks
Your not to late to the party you can buy Ghostcoins for real cheap right now.
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