Topic: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014 - page 197. (Read 1106889 times)

That's 100 Litcoins, thus $4,000. Someone is seeing a bright future ahead.

wow more than 2bn bought at 5 litoshi!  

Good news is that it is only fo 50.000 Blocks, the next one is also in very short period. ~50 days.

This coin!  I remember its (disastrous) launch...still made some BTC off it  

Man, I don't consider 40% sharp.  90% would be more like it but that's still massive inflation.

That said, don't expect anything with only a 40% drop in inflation.

I really can't believe the devs haven't killed the inflation yet with a simple code update.  Take it down to 50,000 [or less], a 90% drop. 

Many coins have done it with positive effects.

Cheers!

Average 500.000 per block will drop to 300.000 in ~72 hours.

What's sharply?  What's the subsidy now and what will the new subsidy be?    Thx.

I don't know. Its about my own valuation approach. Others are free to step in @4 Litoshi at the ask.

If the block-solving remains at the current speed, we will not see dropping of mining-rewards by 21st August, but later.
And: Math is NOT reality ...

Edit: Have you seen these nice graphics?
https://bitcointalksearch.org/topic/m.8256256
https://bitcointalksearch.org/topic/m.8260630

there is a chance that it will go below 3 Litoshi as long as there is no buy support for this coin.

From now to 175 days later
THAN 28.349.760 coin per day to reach 384 B from 179 B will take 7320 days ~ 20 years.

Only the first year is FAST production and we ended already ~%80 of it.
In next few days production will be slower then again slower and much slower.
First will/can be around 21 August..

SO.
Lets talk today.
480.000.000 coin production / per day  (in next few days it will be slower)

If goes to all sell at 4 litoshi.
19.2 LTC  per day needed (BUY SUPPORT) now to NOT TO LOST 4 litoshi at buy point.

So with a nice math we UNDERSTAND that after 175 days this will be only 1.2 LTC
SO prices CAN EASLY GO to 16 X to cover that SLOW production.
That makes 64 Litoshi.
0.00000064
So we will just wait and see.

Do you think it will go lower than 3 Litoshi? I'm really not so sure.
If so, why?

Yeah, that is interesting. Still not lured to buy some though. Must hit rock bottom first.

Quite some and still collecting - mostly by mining. 

Its curious but, now the moment with more reward, the people wants to buy more instead of selling or going down more the price.

coinflow, how much coins you have?

https://bitcointalksearch.org/topic/m.8215170


From the initial posting in this thread by the dev: "Max coins: 384,400,000,000 MOON (yes, billion!)"
This is, because the distance of the Moon from the Earth is ~384,400 km and for every millimeter there will be one Mooncoin.

Edit: Typos and inserted link above to show again that we still have to solve ~7,000 blocks to get to the serious dropping of the rewards from 2,519,841 per block to ~500,000 (from block 203,158) and shortly thereafter to ~300,000 (from block 203,519 on).

Do you know that 195 days later we will be at moon orbit. ALL prodcution will be very small.
And thse 195 days will only cover the 15% of the production.

Froum source...

https://github.com/realmooncoin/mooncoin

Scrypt Proof of Work

90 second block targets with Kimoto's Gravity Well to discipline the difficulty adjustments per block.

Random block rewards:

Blocks 1-100,000: 0-2,000,000 MOON Blocks  ===> Average 1.000.000 coins x 100.000 blocks = 100.000.000.000
100,001-200,000: 0-1,000,000 MOON Blocks  ===> Average  500.000 coins x 100.000 blocks = 50.000.000.000

add them up. it makes 150.000.000.000
We are here now at 197.000 th block. İn next 75 hours we will go on PRODUCTION DROP
http://coinmarketcap.com/currencies/mooncoin/   says total circulation is 137.500.000.000 ... the last 3000 blocks wll pruduce ~15.000.000.000

likely we will end up at 200.000 blocks with total of 152.000.000.000

lets continue

200,001-250,000: 0-600,000 MOON Blocks ===> Average 300.000 coins x 50.000 blocks = 15.000.000.000
250,001-300,000: 0-350,000 MOON Blocks ===> Average 175.000 coins x 50.000 blocks =   8.750.000.000
300,001-350,000: 0-175,000 MOON Blocks ===> Average  87.500 coins x 50.000 blocks  =   4.375.000.000
350,001-375,000: 0-100,000 MOON Blocks ===> Average  50.000 coins x 25.000 blocks =    1.250.000.000
375,001-384,400: 0-50,000 MOON Blocks  ===> Average   25.000 coins x  9.400 blocks =       235.000.000

SUM IT UP:
It will be around TOTAL PRODUCTION OF 179.610.000.000

So with math 152/179 *100% = 84.91 % of coins will be  produced at 200.000 th block.


All future blocks are a fixed 29531 MOON.

1 block = 90 sec.. 1 day makes 960 block that means a day production will be 28.349.760 that means at 4 ltoshi
only 1.13 LTC is enough to cover all sells of a day at the future.

For me it seems, that there are still ~7,000 blocks to solve in the Apollo-phase from now on (atm 196,962), until the rewards drop again (but then drastically, indeed  ).
https://bitcointalksearch.org/topic/m.8215170