[ANN][HSP] ★★ Horse Power ★★ YoBit.Net ★★ UPDATE TO 1.1 ★★ Endless PoW ★★ - page 4.

psycodad

legendary

Activity: 1612

Merit: 1608

精神分析的爸

Quote from: HorsePowerCoin on September 21, 2015, 09:03:20 AM

Quote from: smarterhash on September 21, 2015, 05:42:43 AM

block reward is very important going into the future but what is even more important is the amount of network hash going after those rewards - only time will tell if the block reward is significant or not.

Totally true.

But about the max supply, I must admit gjhiggins and notsofast had me doubting for a while, so I checked with other devs just to make sure and you know what ? The max money is well... the max money.

Quote from: gjhiggins on September 20, 2015, 07:53:28 PM

Code:

static const int64 MAX_MONEY = 2900000 * COIN;

MAX_MONEY limits the total number of coins allowed in a single transaction/fee NOT the total number of coins.

@Graham : Wrong. You're just full of fud!

Strong words, I am sure you are sure you have the facts to base that accusation.
Would you eventually enlighten me as where in your sources MAX_MONEY limits the total supply?

Oh, and maybe you could use a dev-tool called google and end up with a link like that:
https://github.com/bitcoin/bitcoin/pull/6197/files

Or you could consult this very same forum and find
https://bitcointalksearch.org/topic/mainh-maxmoney-21000000-331069

*tsktsk*

@Graham: thank you for your repeated insights and helpful posts, I learn a lot from them!

raetsch

legendary

Activity: 957

Merit: 1006

where is the check in code if max coin is already hit?
because pow must stop at this point or give zero reward.

the only thing with max_money i can find in code has nothing to do with pow.

Code:

if (txout.nValue > MAX_MONEY)
            return state.DoS(100, error("CTransaction::CheckTransaction() : txout.nValue too high"))

HorsePowerCoin

newbie

Activity: 14

Merit: 0

Quote from: smarterhash on September 21, 2015, 05:42:43 AM

block reward is very important going into the future but what is even more important is the amount of network hash going after those rewards - only time will tell if the block reward is significant or not.

Totally true.

But about the max supply, I must admit gjhiggins and notsofast had me doubting for a while, so I checked with other devs just to make sure and you know what ? The max money is well... the max money.

Quote from: gjhiggins on September 20, 2015, 07:53:28 PM

Code:

static const int64 MAX_MONEY = 2900000 * COIN;

MAX_MONEY limits the total number of coins allowed in a single transaction/fee NOT the total number of coins.

@Graham : Wrong. You're just full of fud!

smarterhash

hero member

Activity: 553

Merit: 500

Contact : [email protected]

block reward is very important going into the future but what is even more important is the amount of network hash going after those rewards - only time will tell if the block reward is significant or not.

raetsch

legendary

Activity: 957

Merit: 1006

you did not read the rest of the thread, did you?

wildduck

legendary

Activity: 966

Merit: 1001

Quote from: HorsePowerCoin on September 21, 2015, 04:35:33 AM

Quote from: wildduck on September 21, 2015, 03:41:06 AM

Yes nice logos, but the primine is too much

Premine will be distributed trough bounties, thats how we want people to to be involved in further developing of the coin.

If anyone is capable to do something positive about HSP, please pm me for making a deal.

Ok that is ok but we will see

HorsePowerCoin

newbie

Activity: 14

Merit: 0

Quote from: wildduck on September 21, 2015, 03:41:06 AM

Yes nice logos, but the primine is too much

Premine will be distributed trough bounties, thats how we want people to to be involved in further developing of the coin.

If anyone is capable to do something positive about HSP, please pm me for making a deal.

wildduck

legendary

Activity: 966

Merit: 1001

Yes nice logos, but the primine is too much

TimSweat

sr. member

Activity: 392

Merit: 250

TimSweat

Nice logos .

logocreator

legendary

Activity: 1134

Merit: 1000

www.cryptodesign.cc

Logos

Happy mining to all, i already started.

bones261

legendary

Activity: 1806

Merit: 1828

I certainly hope this is the dev's first try at this. Next time, try harder.

https://www.youtube.com/watch?v=rY0WxgSXdEE Cheesy

notsofast

legendary

Activity: 1517

Merit: 1042

@notsofast

Quote from: HorsePowerCoin on September 20, 2015, 09:04:33 PM

Quote from: HorsePowerCoin on September 20, 2015, 11:15:22 AM

► Premine: 6%

► Blocks 6001+ = 250 Coins

Thanks for the input Graham, yea i made another typo. Blocks 6001+ is set to 400 Coins. I've made the correction to OP.

Quote from: gjhiggins on September 20, 2015, 07:53:28 PM

174000 described as “6%” premine. Implying an expected total of 174000 * (100 / 6) == 2898840.0

But premine is 6% of total supply (6*2900000)/100=174000.

Quote from: gjhiggins on September 20, 2015, 07:53:28 PM

MAX_MONEY limits the total number of coins allowed in a single transaction/fee NOT the total number of coins. After block 6000, as long as mining continues, the number of coins issued will increase by 400 HSP every 60 seconds.

At that rate of production, the total number of coins issued should reach 100000000 in about five months. Of which 174000 is less than 0.2%.

Oh well, just more coins to go around Grin

*That's* your attitude for supply after 5 months being 34 times the total eventual PoW supply you specified in your announcement?!?

I'm pulling my rigs off this shitcoin then. No matter what you've got in the pipeline-- and I'm betting not much given your level of care on this crucial supply issue-- it's not gonna be enough to add any value to the extreme long-term dilution effect.

Abandoncoin in 3... 2... 1...

HorsePowerCoin

newbie

Activity: 14

Merit: 0

Quote from: HorsePowerCoin on September 20, 2015, 11:15:22 AM

► Premine: 6%

► Blocks 6001+ = 250 Coins

Thanks for the input Graham, yea i made another typo. Blocks 6001+ is set to 400 Coins. I've made the correction to OP.

Quote from: gjhiggins on September 20, 2015, 07:53:28 PM

174000 described as “6%” premine. Implying an expected total of 174000 * (100 / 6) == 2898840.0

But premine is 6% of total supply (6*2900000)/100=174000.

Quote from: gjhiggins on September 20, 2015, 07:53:28 PM

MAX_MONEY limits the total number of coins allowed in a single transaction/fee NOT the total number of coins. After block 6000, as long as mining continues, the number of coins issued will increase by 400 HSP every 60 seconds.

At that rate of production, the total number of coins issued should reach 100000000 in about five months. Of which 174000 is less than 0.2%.

Oh well, just more coins to go around Grin

cisahasa

legendary

Activity: 910

Merit: 1000

Quote from: LieTOme on September 20, 2015, 07:56:42 PM

you can show the white paper?

white paper

cisahasa

legendary

Activity: 910

Merit: 1000

Quote from: gjhiggins on September 20, 2015, 07:53:28 PM

Traps for the unwary #463

Quote from: HorsePowerCoin on September 20, 2015, 11:15:22 AM

► Premine: 6%

► Blocks 6001+ = 250 Coins

Sadly mistaken on both counts, I fear.

The reward after block 6000 is 400 HSP forever (https://github.com/HorsePowerCoin/HorsePowerCoin/blob/master/src/main.cpp#L1088).

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;
    {
        nSubsidy = 174000 * COIN;
    }
    [ ... ]
	    else if(nHeight >= 6001)  
    {
        nSubsidy = 400 * COIN;
    }

    return nSubsidy + nFees;
}

174000 described as “6%” premine. Implying an expected total of 174000 * (100 / 6) == 2898840.0

https://github.com/HorsePowerCoin/HorsePowerCoin/blob/master/src/main.h#L55:

Code:

static const int64 MAX_MONEY = 2900000 * COIN;

MAX_MONEY limits the total number of coins allowed in a single transaction/fee NOT the total number of coins. After block 6000, as long as mining continues, the number of coins issued will increase by 400 HSP every 60 seconds.

At that rate of production, the total number of coins issued should reach 100000000 in about five months. Of which 174000 is less than 0.2%.

Cheers

Graham

reward rules are broken
more broken than Graham told

LieTOme

sr. member

Activity: 658

Merit: 250

you can show the white paper?

gjhiggins

legendary

Activity: 2254

Merit: 1290

Traps for the unwary #463

Quote from: HorsePowerCoin on September 20, 2015, 11:15:22 AM

► Premine: 6%

► Blocks 6001+ = 250 Coins

Sadly mistaken on both counts, I fear.

The reward after block 6000 is 400 HSP forever (https://github.com/HorsePowerCoin/HorsePowerCoin/blob/master/src/main.cpp#L1088).

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 500 * COIN;
    {
        nSubsidy = 174000 * COIN;
    }
    [ ... ]
	    else if(nHeight >= 6001)  
    {
        nSubsidy = 400 * COIN;
    }

    return nSubsidy + nFees;
}

174000 described as “6%” premine. Implying an expected total of 174000 * (100 / 6) == 2898840.0

https://github.com/HorsePowerCoin/HorsePowerCoin/blob/master/src/main.h#L55:

Code:

static const int64 MAX_MONEY = 2900000 * COIN;

MAX_MONEY limits the total number of coins allowed in a single transaction/fee NOT the total number of coins. After block 6000, as long as mining continues, the number of coins issued will increase by 400 HSP every 60 seconds.

At that rate of production, the total number of coins issued should reach 100000000 in about five months. Of which 174000 is less than 0.2%.

Cheers

Graham

hashmaster1

hero member

Activity: 851

Merit: 1000

Do You Even Onion Bro?

The hash rate has gone up good need more miners it a good coin to mine pool running good pool.Mn ...

jasonhopper2412

member

Activity: 107

Merit: 10

Quote from: hashmaster1 on September 20, 2015, 01:01:55 PM

Well i guess i will mine this see where it goes from here you never know what can happen 6% premine not so bad Dev needs to pay for things im sure .....

Lol! Don't promote these scams. I'll mine it anyways

hashmaster1

hero member

Activity: 851

Merit: 1000

Do You Even Onion Bro?

Well i guess i will mine this see where it goes from here you never know what can happen 6% premine not so bad Dev needs to pay for things im sure .....

Topic: [ANN][HSP] ★★ Horse Power ★★ YoBit.Net ★★ UPDATE TO 1.1 ★★ Endless PoW ★★ - page 4. (Read 6977 times)