Topic: [ANN][POW][CLO] Callisto Network - Cold Staking &amp; Security Audits - page 92. (Read 89893 times)

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM

Quote from: fridaydrink on July 10, 2018, 02:01:55 AM

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

The Dev considering fee methode to process transaction. But, they Will work on next 6 year to make decision.

If you know, then explain in more detail. What does "methode" mean? Which method is considered?

I do not know the detail yet. Maybe like Neo and Gas, or other methode. That just one option that i know.

jackielim

full member

Activity: 434

Merit: 100

Quote from: KarambaCoin on July 11, 2018, 07:07:32 AM

Quote from: CoinDrop99 on July 11, 2018, 07:03:00 AM

True, the more number of users will store their files, the more CLO will be frozen by the smart contract.
So these CLO for file storage must first be purchased on the exchange.

Quite right. Anyone who wants to hide their personal information in Callisto Network will need to buy a CLO. And to store these data there will be nodes which we will choose through DAO (I so understood).

That is the edge of Callisto, to secure all the information and to avoid hacking. This is also the one of the best features of CLO which you would satisfied with.

GraBitCoin

full member

Activity: 630

Merit: 111

Quote from: yhendri on July 11, 2018, 08:17:13 AM

Quote from: kripTavalleT88 on July 11, 2018, 06:12:51 AM

Quote from: bitChipper on July 10, 2018, 12:17:45 PM

Quote from: EweCoinEwe on July 10, 2018, 10:29:44 AM

Good evening . Does anyone have any predictions? What do you think, how many CLO will be in December? Will the income depend on this?

A block is formed roughly every 15 seconds and in each block contains 600 CLO.

There are 86400 seconds in a day so:

86400 / 15= 5760

5760*600= 3,456,000

So right now there are 3,456,000 CLO created each day. 20% of that goes to the treasury fund, 10% of that goes to the staking fund.

3,456,000 * 20% = 691,200

3,456,000 * 10% = 345,600

691,200 + 345,600= 1,036,800

2,419,200 Actual CLO are created and distributed to the miners daily besides the CLO reserved for the funding mechanism.

~150 days until December 2018....3,456,000 * 150 = 518,400,000 created until then

518,400,000+456,258,253(current supply) = 974,658,253

So nearly 1 Billion coins in mined by December, around that time they will enable the cold staking mechanism which IMO is the MOST important aspect of this project. It is what makes it unique and sets it apart from others.

Let's speculate that by that time, with a little hype and marketing the market cap of CLO gets to 120 million (~16x what it is now), that would put each CLO at .12c (12x what it is now) and that is if the price of bitcoin stays the same, if bitcoin goes up the price of each CLO could be even more.

Could be a lot of upside with this project.

I think this is a large number. The price will not be very high.

Ripple have more coin than clo, and now the price about 0.5 USD. Clo can reach 3 USD of have same market cap as xrp

Good comparison. I expect such a price after the reduction of the award for miners for the extraction of the block.

yhendri

newbie

Activity: 178

Merit: 0

Quote from: kripTavalleT88 on July 11, 2018, 06:12:51 AM

Quote from: bitChipper on July 10, 2018, 12:17:45 PM

Quote from: EweCoinEwe on July 10, 2018, 10:29:44 AM

Good evening . Does anyone have any predictions? What do you think, how many CLO will be in December? Will the income depend on this?

A block is formed roughly every 15 seconds and in each block contains 600 CLO.

There are 86400 seconds in a day so:

86400 / 15= 5760

5760*600= 3,456,000

So right now there are 3,456,000 CLO created each day. 20% of that goes to the treasury fund, 10% of that goes to the staking fund.

3,456,000 * 20% = 691,200

3,456,000 * 10% = 345,600

691,200 + 345,600= 1,036,800

2,419,200 Actual CLO are created and distributed to the miners daily besides the CLO reserved for the funding mechanism.

~150 days until December 2018....3,456,000 * 150 = 518,400,000 created until then

518,400,000+456,258,253(current supply) = 974,658,253

So nearly 1 Billion coins in mined by December, around that time they will enable the cold staking mechanism which IMO is the MOST important aspect of this project. It is what makes it unique and sets it apart from others.

Let's speculate that by that time, with a little hype and marketing the market cap of CLO gets to 120 million (~16x what it is now), that would put each CLO at .12c (12x what it is now) and that is if the price of bitcoin stays the same, if bitcoin goes up the price of each CLO could be even more.

Could be a lot of upside with this project.

I think this is a large number. The price will not be very high.

Ripple have more coin than clo, and now the price about 0.5 USD. Clo can reach 3 USD of have same market cap as xrp

lottereumDev

full member

Activity: 294

Merit: 100

Quote from: yhendri on July 11, 2018, 08:10:26 AM

Quote from: Sithcs on July 11, 2018, 01:13:32 AM

Quote from: fatalen on July 11, 2018, 01:07:44 AM

Quote from: ANTIMANIA on July 11, 2018, 12:11:09 AM

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM

Quote from: fridaydrink on July 10, 2018, 02:01:55 AM

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

The Dev considering fee methode to process transaction. But, they Will work on next 6 year to make decision.

If you know, then explain in more detail. What does "methode" mean? Which method is considered?

GlockCoin

newbie

Activity: 29

Merit: 0

Good afternoon, there was a question. How do you think the project will be able to get a listing on a major exchange?

GraBitCoin

full member

Activity: 630

Merit: 111

Quote from: yhendri on July 11, 2018, 08:06:09 AM

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM

Quote from: fridaydrink on July 10, 2018, 02:01:55 AM

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

About 760 day starting from today. Assume the blockchain time was 15 second. But currently the block time was 13 second. So it can be sooner

So after two years you can expect a doubling of the CLO price. We need to hold our CLO for this period)))

yhendri

newbie

Activity: 178

Merit: 0

Quote from: Sithcs on July 11, 2018, 01:13:32 AM

Quote from: fatalen on July 11, 2018, 01:07:44 AM

Quote from: ANTIMANIA on July 11, 2018, 12:11:09 AM

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM

Quote from: fridaydrink on July 10, 2018, 02:01:55 AM

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

The Dev considering fee methode to process transaction. But, they Will work on next 6 year to make decision.

yhendri

newbie

Activity: 178

Merit: 0

Quote from: Pitchipuff on July 10, 2018, 02:47:42 AM