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Topic: [ANN][NYAN] NyanCoin - ★★★THE FIRST OFFICIALLY LICENCED CRYPTOCURRENCY!★★★ - page 35. (Read 135899 times)

member
Activity: 70
Merit: 10
790 transactions later, I get a node charge of 0.10 NYAN. Why all of a sudden?

It has to do with how many "chunks" of coin need to be sent to make up the final amount.  Here's something I found that explains it:

Sending coins in more detail.
If you received 50 coins in one transaction and would like to spend these coins, one of two things will happen: If you send exactly 50 coins, all of them will be sent in one "chunk." If you send less than fifty coins, then your client will create two transactions: one to send and one for "change." Example: I have 50 coins, and I want to send 10. My client will send the 10 coins to the receiving address, and then (behind the scenes) create a new receiving address in my own wallet and send the rest (40) to it. This ends up looking like i just sent all of my 50 coins to two different addresses if you examine the blockchain. Since the 40 coins are still in an address in my wallet, my client stills show that I have 40 in my "grand total." Next Example: I belong to a mining pool and it will automatically send 5 coin payouts. Each payout ends up being a 5 coin chuck on my address. After a time I now have 100 coins! Now I want to send 50 to a friend. My client now has to combine enough chunks to equal 50 coins. It takes 10 of those 5 coin chucks and cryptographically signs them to my friends receiving address.
Transaction Fees. Why?
When many chucks have to be combined like in the example above, it creates a large transaction that has to be written and hashed into the blockchian. Even if you send a total of 1 coin, it takes more space on the blockchain to send a transaction using one hundred 0.01 chucnks than it does to send a single chunk that has 1 (or more coins) in it. To help offset the large (many chunk) transactions, fees are enforced for transactions over a certain kilobyte limit.

Ahh, well that explains it. Thanks Cheesy
sr. member
Activity: 336
Merit: 250
790 transactions later, I get a node charge of 0.10 NYAN. Why all of a sudden?

It has to do with how many "chunks" of coin need to be sent to make up the final amount.  Here's something I found that explains it:

Sending coins in more detail.
If you received 50 coins in one transaction and would like to spend these coins, one of two things will happen: If you send exactly 50 coins, all of them will be sent in one "chunk." If you send less than fifty coins, then your client will create two transactions: one to send and one for "change." Example: I have 50 coins, and I want to send 10. My client will send the 10 coins to the receiving address, and then (behind the scenes) create a new receiving address in my own wallet and send the rest (40) to it. This ends up looking like i just sent all of my 50 coins to two different addresses if you examine the blockchain. Since the 40 coins are still in an address in my wallet, my client stills show that I have 40 in my "grand total." Next Example: I belong to a mining pool and it will automatically send 5 coin payouts. Each payout ends up being a 5 coin chuck on my address. After a time I now have 100 coins! Now I want to send 50 to a friend. My client now has to combine enough chunks to equal 50 coins. It takes 10 of those 5 coin chucks and cryptographically signs them to my friends receiving address.
Transaction Fees. Why?
When many chucks have to be combined like in the example above, it creates a large transaction that has to be written and hashed into the blockchian. Even if you send a total of 1 coin, it takes more space on the blockchain to send a transaction using one hundred 0.01 chucnks than it does to send a single chunk that has 1 (or more coins) in it. To help offset the large (many chunk) transactions, fees are enforced for transactions over a certain kilobyte limit.
member
Activity: 70
Merit: 10
790 transactions later, I get a node charge of 0.10 NYAN. Why all of a sudden?
member
Activity: 119
Merit: 10
IMPORTANT

Moonishere.com is OVER 51%  network hashrate and Nyanpool.net is not far behind

PLEASE MOVE your hashes to the new pool

>>>>>>>>>>http://nyan.coindaemon.com/ <<<<<<<<<<<<<

Anytime my pool goes over 51% i disable signups and other pool owners should be doing same thing.
sr. member
Activity: 336
Merit: 250
IMPORTANT

Moonishere.com is OVER 51%  network hashrate and Nyanpool.net is not far behind

PLEASE MOVE your hashes to the new pool

>>>>>>>>>>http://nyan.coindaemon.com/ <<<<<<<<<<<<<
sr. member
Activity: 336
Merit: 250
Reserved brb issue with pool.

Make sure you download the wallet from nyancoin.org - there is an imposter wallet I think you accidentally downloaded that one
member
Activity: 70
Merit: 10
It looks like I was probably wrong - nevermind!  Looks like an in-game currency

Damn it, I've been playing it non-stop right now. lol
sr. member
Activity: 336
Merit: 250
Woah wait what?

https://www.facebook.com/NyanCatWorld/posts/671003856275851

Looks like it'd be a wise investment to buy a $1 app right now.  Tongue


It looks like I was probably wrong - nevermind!  Looks like an in-game currency
member
Activity: 98
Merit: 10
Reserved brb issue with pool.
member
Activity: 70
Merit: 10
Woah wait what?

https://www.facebook.com/NyanCatWorld/posts/671003856275851

Are they talking about us as Nyancoin or like an in-game currency? lol

WOW the dev told us they were working on this! Just posted news to reddit:

http://www.reddit.com/r/nyancoins/comments/1w8kps/shit_just_got_real_nyancat_web_based_game_will/

THIS IS HUGE

Looks like it'd be a wise investment to buy a $1 app right now.  Tongue
sr. member
Activity: 336
Merit: 250
Hello all,

This new NYAN pool has just been launched:
http://nyan.coindaemon.com

Features:
  • 1% fee
  • STRATUM, VARDIFF
  • PPLNS
  • Dedicated server hardware
  • Up to date software
  • Fast payouts - processed every minute

Thanks for joining!

Please migrate to this pool if you can, we need to spread out our hashes. I emailed ~25 pool operators today.  In addition to freynder, I got a response from one other pool operator - he should have his pool set up by the end of the day tomorrow.  Hopefully with >5 good pools we won't run into another 51% situation - but we need to spread out our hashes for sure.  

Switch to this pool if you can!
member
Activity: 70
Merit: 10
Woah wait what?

https://www.facebook.com/NyanCatWorld/posts/671003856275851

Are they talking about us as Nyancoin or like an in-game currency? lol
member
Activity: 68
Merit: 10
Hello all,

This new NYAN pool has just been launched:
http://nyan.coindaemon.com

Features:
  • 1% fee
  • STRATUM, VARDIFF
  • PPLNS
  • Dedicated server hardware
  • Up to date software
  • Fast payouts - processed every minute

Thanks for joining!
member
Activity: 119
Merit: 10
sr. member
Activity: 392
Merit: 250
replied on the russion forum
asked him to remove the link
Nyan not ready for cryptsy yet
member
Activity: 112
Merit: 10

Please someone request to remove that thread from cryptsy. That is horrible..


Hero here:

https://bitcointalksearch.org/topic/nyancoin-cryptsycom-433586

could you pls explain him ...
(... i go drink a sedatives ...)


I'm so confused. What is this I don't even....what's going on?
member
Activity: 84
Merit: 10
full member
Activity: 352
Merit: 100
member
Activity: 119
Merit: 10
Join up let's get the network hashrate over 500 Mh/s! Remember to try keep pool MH distributed evenly.


WWW.NYANPOOL.NET- CURRENTLY OVER 100 MH/s!!

Pool Information:
Payout Method: PROP
Pool Fee's: 1%
Confirms for Payout: Only 30 confirms before payout
Automatic Payout Threshold: 50-500 (can be modified if users prefer higher / lower.)

Specs:
CPU: Intel Xeon W3530 4 Cores / 4 Threads @ 2.8ghz+
RAM: 48GB
Connection: 1 Gbps + Anti-DDoS
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