I realize you have been a bit busy, fixing the mac wallet and all. I was wondering how long you were going to keep the windows wallet password protected? It might help at this point if you took the password away. Just a thought but thats just me
When I get back from Uni I'll remove the passwords for both wallets.
i realize this coin is not for investors but for miners. back to mining tips with mixer
Not sure what you mean by that...
exchange for this?
Looking into a few at the moment right now.
Hey guys!
Lazycoins.com is a new exchange launching soon. If you want to see SynCoin get listed there then make a new thread for the coin and upvote it on
reddit.com/r/lazycoins or tweet the coin to @LazyCoins!
Cheers!
Will do, mate.
I see two cons of this coin:
1- So, I saw the payout is linear with difficulty. Current payout is 109 per block and difficulty is around 10.
So, even if difficulty goes to 1000 which I think takes more than 2 months, the payout will go to around 10,000 which is still very low considering the 250B coins. This will disappoint miners and they will move away and therefore difficulty will stuck and so will payout.
2- Since the payout increases with difficulty, people on exchange sites do not have enough motivation to buy and hold coins because they scare the price will drop because of incoming more coins. I can say the price will be reduced over time rather than increase.
Dev, could you comment on these ?
1) So the formula isn't 100 percent linear; it will still halve on a long-term schedule; additionally, you're not taking into account the block height (which is used in the formula).
[(10 * difficulty) / (number of blocks + 97200)] * 97200
So looking here, if the difficulty increases at a higher rate, it will lead to a non-linear curve.
The only way payout would be linear is if the number of blocks increases at a similar rate to difficulty. However, the block height has been increasing fairly slowly; difficulty has gone up 50,000 times since launch.
2) Holding coins would actually be more profitable; the reward doesn't just increase over time. The difficulty is a large motivator for miners; when there's too much hashpower being thrown at the coin, in order to prevent hyperscarcity the payout increases. I understand scarcity is needed for value to increase, but when difficulty drops, the payout will drop enough to create lesser supply. Overall this allows SYN to reach and maintain its equilibrium price.
