Topic: [ANN][SHA-256D] PETRODOLLAR (P$): BIG OIL COMES TO CRYPTO - page 41. (Read 127142 times)

Nice idea... How about solarPV coin, wind farm coin...renewable coins. Anyway great concept and may just purchase a miner to help mine... I've only got GPUs at the moment any sha256 mining equipment you recommend. Thanks Gav

Every single coin I release is zero premine, now and forever.

novel concept

0 Premine?

Original Launch Announcement: https://cryptocointalk.com/topic/5509-pre-ann-the-petrodollar-p-big-oil-comes-to-crypto/



The PetroDollar (p$)

Big Oil Comes To Crypto

This coin has been designed to have a 1:10000 relationship to barrels of oil still existing in the ground.  

p$1 = 1,000 barrels

Oil consumption increases at an average rate of 1.429% per year for the last decade
http://www.indexmundi.com/energy.aspx

1,221,074,628,164 barrels remaining
"World Proved Reserves of Oil and Natural Gas, Most Recent Estimates - Energy Information Administration (EIA) - Data from BP Statistical Review, Oil & Gas Journal, World Oil, BP Statistical Review, CEDIGAZ, and Oil & Gas Journal." http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=5&pid=57&aid=6

89,343,600 pumped per day in 2012
http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=5&pid=53&aid=1

Avg yearly rate of increase in output over past 4 years: 1.082%.

Average consumption/output disparity: 0.347%

Days until oil ends: 13667.17513245492682

Coin Maximum: p$122,107,462 (10,000 barrels per coin)
5 minute transaction time
288 blocks per day
120 blocks to mature
Blocks 105,120 per year
SHA-256D
Kimoto's Gravity Well

43200 blocks (150 days): 50% payout (p$61,037,314) or block reward of 1412.90078704

After block 43200:
Year 1-5 (blocks 43201-568800): 3170769.55844155 (30.16333293)
Year 5-10 (blocks 568801-1094400): 1585384.77922077 (15.08166646)
Year 10-15 (blocks 1094401-1620000): 792692.38961038 (7.54083323)
Year 15-20 (blocks 1620001-2145600): 396346.19480510 (3.77041661)
Year 25-30 (blocks 2145601-2671200): 198173.09740250 (1.88520830)
Year 35-   (blocks 2671201-       ): 99086.54870120 (0.94260415)

Until block 43200, fees are 1.429% of TX, destroyed
Year 1-5 (blocks 43201-568800): 1.429%
Year 5-10 (blocks 568801-1094400): 2.858%
Year 10-15 (blocks 1094401-1620000): 5.716%
Year 15-20 (blocks 1620001-2145600): 11.432%
Year 25-30 (blocks 2145601-2671200): 12.864%
Year 35-   (blocks 2671201-       ): 15.728%

All fees are destructive, forever.

ZERO PREMINE

Original Launch Announcement
https://cryptocointalk.com/topic/5509-ann-the-petrodollar-p-big-oil-comes-to-crypto/

ZERO PREMINE

petrodollar.conf
   server=1
   listen=1
   addnode=162.243.147.115
   rpcuser=petrodollarrpc
   rpcpassword=changeme
   rpcallowip=127.0.0.1
   rpcport=23931

Windows Qt Wallet
https://docs.google.com/file/d/0B0Ui324JBcO1QXYyYnJ1NzVXS3M
https://www.virustotal.com/it/file/2cd60a9504feecf53499d011f4d4c73af40cc88bc2414b4f6f8e5554c667d94b/analysis/1392799397/

MacOS Qt Wallet
https://docs.google.com/file/d/0B0Ui324JBcO1OTRTNkpTZDRVSTg

Linux Qt Wallet
https://docs.google.com/file/d/0B0Ui324JBcO1LUZyTFVXOXQ2a3c

GitHub Repo
http://github.com/bryceweiner/petrodollar

Twitter
http://twitter.com/thepetrodollar

Website[/u]
http://petrodollar.org
http://thepetrodollar.org

Main Net
Port = 23932
RPC Port = 32923

Test Net
Port = 28072
RPC Port = 27082

POOLS
http://coinminer.net:20002/static/
petro.coinswim.com
petro.hashfast.de
http://petro.hasher.ca/  
https://kgw.deadly-silence.org/index.php?page=dashboard

EXCHANGE
https://allcrypt.com
https://coin-swap.net/market/PTR/
http://penny-alts.co.uk/

BLOCK EXPLORERS
http://petroinsight.buddylabsapps.com/
http://petroexplorer.org/chain/petrodollar


Peak oil projections via TheOilDrum.com


PetroDollar projections via @PennyAlts and @Bigdaddybtc


Reddit:
http://www.reddit.com/r/thePetroDollar/