q2c is now an orphan and seeking new caring and above all rich parents
Topic: [ANN][Q2C] QubitCoin new secure hashing (CPU/GPU) (NEW) Update 0.8.4.1 - page 34. (Read 351528 times)
March 28, 2014, 08:45:08 AM
While price will be reasonable, the volume on the exchange as well, maintaining the network will not be a problem. I think the krecu disappeared for other reasons, they tried to enter KGW not quite work out. It is a pity that no one is officially resigns uttered the project. I think that it was appropriate to us though some information.
q2c is now an orphan and seeking new caring and above all rich parents
q2c is now an orphan and seeking new caring and above all rich parents
March 28, 2014, 08:38:43 AM
Quote
lol. It's not bad. It's a low inflation coin. Less than 1% a year. The main thing is how to keep the block-chain safe with a low reward.
I think you cant... a least with a coin with 21 days cycle... in some months it will be giving 1 Q2C. Who will mine to receive $0.0004 or even $0.04?If low diff block is in danger. If high diff no miners, no blocks, no transactions.
I think previous dev saw that... and disappeared.
March 28, 2014, 08:36:28 AM
finally good news, we're coming bter!!! 
I also want to
I want to join your team
Welcome to q2c world
March 28, 2014, 08:30:47 AM
248 million Q2C of which mined over 90%
Sorry to say but you are wrong. 500 million Q2C is correct.
Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).
Changing MAX_MONEY DOES NOT increase the total money supply.
Money supply is determined by function GetBlockValue in main.cpp
Quote
// Subsidy is cut in half every 60480 blocks (21 days)
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
So this is 60480 * 2048 * 2 = 247 million coins.
2048 * 60480 123 863 040 in 21 days
1024 * 60480 61 931 520 in 21 days
512 * 60480 30 965 760 in 21 days
256 * 60480 15 482 880 in 21 days
128 * 60480 7 741 440 in 21 days
64 * 60480 3 870 720 in 21 days
32 * 60480 1 935 360 in 21 days
16 * 60480 967 680 in 21 days
8 * 60480 483 840 in 21 days
4 * 60480 241 920 in 21 days
2 * 60480 120 960 in 21 days
247 605 120 after 231 days
and
(original) ending with:
1 Q2C block for about 831 days
or
(new) ending with:
1 Q2C block for about 5000 days
Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.
Pedantic much?
The point is, it is not 500 million.
The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)
Initial distribution (60480 * 2048 * 2 = 247,726,080 coins)
5000 day distribution (2880 * 5000 = 14,400,000 coins).
Total coins after 5000 days = 262,126,080 coins
If you keep reward 1 forever, it will take 226.28 years for 500 million coins to be produced.
By that logic your max money is infinite.
If you look at the code you'll see MAX_MONEY does not limit money production, it is only a sanity test for sending coins.
For all practical purposes the coin is mined up with a tiny inflation. Exact same parameters as Quark.
Seems you are right... its infinite...
This coins code its even more messed than I believed... everything is absurd.
lol. It's not bad. It's a low inflation coin. Less than 1% a year. The main thing is how to keep the block-chain safe with a low reward.
March 28, 2014, 08:25:10 AM
finally good news, we're coming bter!!!
I also want to
I want to join your team
March 28, 2014, 08:17:34 AM
248 million Q2C of which mined over 90%
Sorry to say but you are wrong. 500 million Q2C is correct.
Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).
Changing MAX_MONEY DOES NOT increase the total money supply.
Money supply is determined by function GetBlockValue in main.cpp
Quote
// Subsidy is cut in half every 60480 blocks (21 days)
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
So this is 60480 * 2048 * 2 = 247 million coins.
2048 * 60480 123 863 040 in 21 days
1024 * 60480 61 931 520 in 21 days
512 * 60480 30 965 760 in 21 days
256 * 60480 15 482 880 in 21 days
128 * 60480 7 741 440 in 21 days
64 * 60480 3 870 720 in 21 days
32 * 60480 1 935 360 in 21 days
16 * 60480 967 680 in 21 days
8 * 60480 483 840 in 21 days
4 * 60480 241 920 in 21 days
2 * 60480 120 960 in 21 days
247 605 120 after 231 days
and
(original) ending with:
1 Q2C block for about 831 days
or
(new) ending with:
1 Q2C block for about 5000 days
Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.
Pedantic much?
The point is, it is not 500 million.
The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)
Initial distribution (60480 * 2048 * 2 = 247,726,080 coins)
5000 day distribution (2880 * 5000 = 14,400,000 coins).
Total coins after 5000 days = 262,126,080 coins
If you keep reward 1 forever, it will take 226.28 years for 500 million coins to be produced.
By that logic your max money is infinite.
If you look at the code you'll see MAX_MONEY does not limit money production, it is only a sanity test for sending coins.
For all practical purposes the coin is mined up with a tiny inflation. Exact same parameters as Quark.
Seems you are right... its infinite...
This coins code its even more messed than I believed... everything is absurd.
March 28, 2014, 07:57:33 AM
As for the recent declines and input on minpal, I think the traders in the minpal are terribly picky. Rather put a quick profit, and me looking also at odds between poloniex and minpal, minpal very quickly panics. Rates fell, but I think the point minpal was necessary for the development of our coins 
))
Who thought he accomplishes at the entrance to the new exchanges, disappointed and simply got rid of coins. I think the discussion because we all know how much the coins and the like are generated. I myself learned a little
It only needs to be better ..
)) Who thought he accomplishes at the entrance to the new exchanges, disappointed and simply got rid of coins. I think the discussion because we all know how much the coins and the like are generated. I myself learned a little
It only needs to be better ..
March 28, 2014, 07:49:46 AM
Seems like dev is gone Cry but the coin works great imo, shouldn't be too hard to find a new dev. Grin
March 28, 2014, 07:47:52 AM
248 million Q2C of which mined over 90%
Sorry to say but you are wrong. 500 million Q2C is correct.
Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).
Changing MAX_MONEY DOES NOT increase the total money supply.
Money supply is determined by function GetBlockValue in main.cpp
Quote
// Subsidy is cut in half every 60480 blocks (21 days)
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
So this is 60480 * 2048 * 2 = 247 million coins.
2048 * 60480 123 863 040 in 21 days
1024 * 60480 61 931 520 in 21 days
512 * 60480 30 965 760 in 21 days
256 * 60480 15 482 880 in 21 days
128 * 60480 7 741 440 in 21 days
64 * 60480 3 870 720 in 21 days
32 * 60480 1 935 360 in 21 days
16 * 60480 967 680 in 21 days
8 * 60480 483 840 in 21 days
4 * 60480 241 920 in 21 days
2 * 60480 120 960 in 21 days
247 605 120 after 231 days
and
(original) ending with:
1 Q2C block for about 831 days
or
(new) ending with:
1 Q2C block for about 5000 days
Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.
Pedantic much?
The point is, it is not 500 million.
The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)
Initial distribution (60480 * 2048 * 2 = 247,726,080 coins)
5000 day distribution (2880 * 5000 = 14,400,000 coins).
Total coins after 5000 days = 262,126,080 coins
If you keep reward 1 forever, it will take 226.28 years for 500 million coins to be produced.
By that logic your max money is infinite.
If you look at the code you'll see MAX_MONEY does not limit money production, it is only a sanity test for sending coins.
For all practical purposes the coin is mined up with a tiny inflation. Exact same parameters as Quark.
March 28, 2014, 07:47:19 AM
Quote
2. How can we correct this? Can you isolate those who are not using the newest version until they upgrade?
No I can't. I/we only can start using a version that refuses old versions. But if lots of people using old version and with pools using it we can have a fork and a mess around coin.
3. Giving Q2C for nothing is probably not good idea however giving Q2C for voting was something else.
Of course.
I agree with you when you say that we need to make Q2C usable in some other means then just exchange. Only then will this coin arise among all these coins.
That not easy. We must create some usability for more than "pump&dump&repeat". Even BTC has this problem.
March 28, 2014, 07:38:54 AM
(original) ending with:
1 Q2C block for about 831 days
or
(new) ending with:
1 Q2C block for about 5000 days
5000 days is over 13 years. Not bad.
Exactly. Where is the problem? Why lie around?
March 28, 2014, 07:33:10 AM
248 million Q2C of which mined over 90%
Sorry to say but you are wrong. 500 million Q2C is correct.
Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).
Changing MAX_MONEY DOES NOT increase the total money supply.
Money supply is determined by function GetBlockValue in main.cpp
Quote
// Subsidy is cut in half every 60480 blocks (21 days)
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
So this is 60480 * 2048 * 2 = 247 million coins.
2048 * 60480 123 863 040 in 21 days
1024 * 60480 61 931 520 in 21 days
512 * 60480 30 965 760 in 21 days
256 * 60480 15 482 880 in 21 days
128 * 60480 7 741 440 in 21 days
64 * 60480 3 870 720 in 21 days
32 * 60480 1 935 360 in 21 days
16 * 60480 967 680 in 21 days
8 * 60480 483 840 in 21 days
4 * 60480 241 920 in 21 days
2 * 60480 120 960 in 21 days
247 605 120 after 231 days
and
(original) ending with:
1 Q2C block for about 831 days
or
(new) ending with:
1 Q2C block for about 5000 days
Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.
Pedantic much?
The point is, it is not 500 million.
The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)
March 28, 2014, 07:11:26 AM
indeed change relates to the life of the coin, there is little effect on the same mining, huh
nymusr not scare people
nymusr not scare people
There nothing to be scared... It makes coin survive a bit easier!
Because after main mining it keeps very long time giving a small incentive to keep nodes online... to receive fees and a small mining reward.
If Q2C is $10 it isn't meaningless. Off course if it is $0.0001, no one will keep mining...
March 28, 2014, 07:03:47 AM
indeed change relates to the life of the coin, there is little effect on the same mining, huh
nymusr not scare people
nymusr not scare people
March 28, 2014, 07:03:11 AM
248 million Q2C of which mined over 90%
Sorry to say but you are wrong. 500 million Q2C is correct.
Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).
Changing MAX_MONEY DOES NOT increase the total money supply.
Money supply is determined by function GetBlockValue in main.cpp
Quote
// Subsidy is cut in half every 60480 blocks (21 days)
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
So this is 60480 * 2048 * 2 = 247 million coins.
2048 * 60480 123 863 040 in 21 days
1024 * 60480 61 931 520 in 21 days
512 * 60480 30 965 760 in 21 days
256 * 60480 15 482 880 in 21 days
128 * 60480 7 741 440 in 21 days
64 * 60480 3 870 720 in 21 days
32 * 60480 1 935 360 in 21 days
16 * 60480 967 680 in 21 days
8 * 60480 483 840 in 21 days
4 * 60480 241 920 in 21 days
2 * 60480 120 960 in 21 days
247 605 120 after 231 days
and
(original) ending with:
1 Q2C block for about 831 days
or
(new) ending with:
1 Q2C block for about 5000 days
Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.
Pedantic much?
The point is, it is not 500 million.
March 28, 2014, 07:02:46 AM
(original) ending with:
1 Q2C block for about 831 days
or
(new) ending with:
1 Q2C block for about 5000 days
5000 days is over 13 years. Not bad.
March 28, 2014, 07:00:39 AM
248 млн. Q2C из кoтopыx дoбывaeтcя бoлee 90%
Извинитe, чтo гoвopю, нo вы oшибaeтecь. 500 млн. Q2C пpaвильнo. Кoличecтвo мoнeт Ужe измeнeнo нa 500 млн... dev (Kresu) cдeлaл этo (вы мoжeтe пpoвepить этo caми пoceтить https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h, a зaтeм пoиcк MAX_MONEY = 500000000 * MOHETКA - eгo тaм нa линии 51 (dev мoжeт быть, зaбылa cкaзaть тeбe вce этo, или, мoжeт быть, этo был пocлeдний cпacибo пoдapoк для вcex вac).No problem... It will make block with 1 Q2C being given away for much more time: 5000 days... see previous post
March 28, 2014, 06:56:08 AM
248 million Q2C of which mined over 90%
Sorry to say but you are wrong. 500 million Q2C is correct.
Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).
Changing MAX_MONEY DOES NOT increase the total money supply.
Money supply is determined by function GetBlockValue in main.cpp
Quote
// Subsidy is cut in half every 60480 blocks (21 days)
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
So this is 60480 * 2048 * 2 = 247 million coins.
2048 * 60480 123 863 040 in 21 days
1024 * 60480 61 931 520 in 21 days
512 * 60480 30 965 760 in 21 days
256 * 60480 15 482 880 in 21 days
128 * 60480 7 741 440 in 21 days
64 * 60480 3 870 720 in 21 days
32 * 60480 1 935 360 in 21 days
16 * 60480 967 680 in 21 days
8 * 60480 483 840 in 21 days
4 * 60480 241 920 in 21 days
2 * 60480 120 960 in 21 days
247 605 120 after 231 days
and
(original) ending with:
1 Q2C block for about 831 days
or
(new) ending with:
1 Q2C block for about 5000 days
March 28, 2014, 06:43:02 AM
Err weren't the changes made to Q2C clients only cosmetic and some checkpoints? Nothing wrong with using an old version if nothing serious has been changed imo. Unless you operate a pool or exchange ofcourse.
Personally I'd prefer the original dev over someone using bold text for his full post.
Personally I'd prefer the original dev over someone using bold text for his full post.
Cant say... its unclear to me what really each version had changed... like 500 million as max money.
That why he is not here probably. Unable to be seen by community. I am not that kind of guy.
March 28, 2014, 06:41:24 AM
248 million Q2C of which mined over 90%
Sorry to say but you are wrong. 500 million Q2C is correct.
Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).
Changing MAX_MONEY DOES NOT increase the total money supply.
Money supply is determined by function GetBlockValue in main.cpp
Quote
// Subsidy is cut in half every 60480 blocks (21 days)
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
nSubsidy >>= (nHeight / 60480);
// Minimum subsidy
if (nSubsidy < nBlockRewardMinimumCoin)
{
nSubsidy = nBlockRewardMinimumCoin;
}
So this is 60480 * 2048 * 2 = 247 million coins.
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