Topic: - AURORACOIN - - page 36. (Read 137052 times)

A lot of the future proofing was already done in the changeover to multi-algo.  Many of the issues with BTC right now are the long block times and the sheer number of transactions that are occurring per block.  AUR should have 10 blocks on the chain in just longer than the time it takes for BTC to have 1 block, meaning transactions over time per block should be smaller compared to BTC.  It would take years before AUR ever got to a point where it would be close to hitting the hard limits that BTC has in terms of blockchain capabilities, and by that time a lot of the technology out right now would be obsolete.

Politically speaking, AUR won't run into the same red vs blue/black vs white BS that BTC is going through with what to do when things don't work.  Bitcoin is in a place where there are more technical users and miners than there are mom and pop coffee shop customers, which is BTC's downfall right now in finding a solution.  Too many chiefs, not enough indians.  The team has discussed a lot of the future change protocols, and we've been working out plans on how to adapt to needed changes while still involving the community in decision making.  Not saying that every change is going to require a community vote, though.  But lets be honest here.  Most people who will be a part of the "mass adoption" won't ever touch a miner or the technical side of the blockchain.  They won't care what the change is that makes the chain work, they just want the chain to work.  

-Fuse

y did this go down to nothing? this was an interesting concept

Has there been any plans for the inevitable scaling issues that will arise as Auroracoin will (hopefully) reach mass adoption?

It might be a good idea to do some proactive measures while it's still fairly simple politically to do changes to the protocol - SegWit+LN, larger blocks, something else?

I had a look at the tool, but it requires some adjustments before it can be used for Auroracoin wallets. Development was performed on the Bitcoin version of the schildbach wallet, so it needs some adjustments for making it Auroracoin compatible.

I guess you mean the Schildbach wallet. Yes, that one has been a problem for us as well (don't get me started on that). We had someone write a tool for it to recover the private keys and to import them into the core wallet (if I remember correctly). But we have not yet had the time to really look at it, or write a tutorial for people to follow on how to actually do that. I'll try to have an initial look at it soon and keep the thread updated regarding it.

Any news about android wallet? Is it going to be compatible with old android version? I mean easy update and recovering coins from old wallet, as at the moment many people are stuck with their coins on old version.

we won't see any chances til the system crashes, just wait for the credit bubble to burst

This just shows how much we need a new currency

http://www.zerohedge.com/news/2017-04-06/iceland-you-won%E2%80%99t-believe-it

Intersting article on icelands financial position and how the central bank might be planning to peg the krona to the euro.

The Central bank looks likes it is going to persue dubious strategies once again.

Auroracoin (GROESTL) P2Pool: http://crypto.office-on-the.net:12351

Auroracoin (QUBIT) P2Pool: http://crypto.office-on-the.net:12355

Auroracoin (SCRYPT) P2Pool: http://crypto.office-on-the.net:12347

Auroracoin (SHA256D) P2Pool: http://crypto.office-on-the.net:12349

Auroracoin (SKEIN) P2Pool: http://crypto.office-on-the.net:12353

the sell wall on isx.is needs a refill

but I don't think any one is crazy enough to sell aur for ISK now BTC is going up agin and ISK is loosing value every day now.

If it was dead, it would not have had an extremely steady growth of over 40% this year alone. Fact is, it's alive more than you know. We are just not going to hype things here.

Once we can show the results of the hard work being done by the team with absolute certainty of quality, you'll see how vital this initiative still is. Until then, you can chose to have faith in it or not. Your choice 

I forget. But I think above schedule may be incorrect. It got messed up in the multialgo change, I think and the first halving will take 2 more years to reach (coin supply not affected afaik).

Block 2100000

I forget at what block is the next halving?

Everything is possible, but for our goal it is not needed. The chain runs stable and full anonymity is not a goal for us. It only adds extra overhead to the code, which we want to keep as clean as possible... which isn't a luxury if we want to keep this going beyond 2140.

     Year                mining cap        mining per year

2014 drop           10.500.000 aur   10.500.000 aur

2014 - 2018   5.250.000 aur   1.312.500 aur
2018 - 2022   2.625.000 aur   656.250
2022 - 2026   1.312.500 aur   328.125 aur
2026 - 2030   656.250 aur           164.063 aur
2030 - 2034   328.125 aur           82.031 aur
2034 - 2038   164.063 aur    41.016 aur
2038 - 2042   82.031 aur           20.508 aur
2044 - 2048   41.016 aur           10.254 aur
2048 - 2052   20.508 aur           5.127 aur
2052 - 2056   10.254 aur      2.563 aur

2056 - 2140  only 10.000 aur will be mined for 84 years at that time

Would love to see a graph if someone in here is a ninja in excel.  

edit: so 6.39mill left to be mined in the next 123 years that sounds good to me  

is there some half-ing time involved or how does the reduction of mined coins work ?

1. total aur over all is 21.000.000aur - 5.344.629aur  https://bitinfocharts.com/top-100-richest-auroracoin-addresses.html
2. 9.315.270aur I bet alot of the claimed airdrops are lost
3. the mining will end in 2140, I'll be 149 years old then

I got a question, is there any emission graph of coins being created.

that might explain to me my following questions

1.How many coins will here be created, im guessing 21mil - the burn ?
2.How many coins are there in the wild.
3.when will there be no more coins to mine