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Topic: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive - page 221. (Read 478852 times)

legendary
Activity: 1330
Merit: 1000
Blockchain Developer
We are at day 274.775 in the chain. Each day we try to make  2,880 blocks.  So 274.775 * 2,800 = 791,352. The current block is 788,600 So we are slightly below the target blocks. But pretty close.

PoW only should produce 14,400 coins a day.  So at 274.775 days, we should be at 3,956,760. We are currently at 4,026,732.041296. Slightly ahead of PoW only target.

Wow that is a lot of potential stake that has been missed out on. Also PoW target is 30 seconds, but sometimes it will go several minutes without hitting a PoW block. This must mitigate a lot of the rise in coin count.
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
Hi every one, I am another HBN supporter and was reading along with your discussion.

This is what I make of it: If you check the chart of the the money supply, you'll notice the constant increase of HBN which consists of 14400 HBN every day being added to the existing amount. (makes sense: 1 block of 5 HBN  every 30 sec.)
POW and POS are competing for this daily amount but no matter much POS or POW, 14400 cannot be exceeded. So diff rises over time and stake% lowers over time. One influencing the other as well in order to maintain 14400 every day.
So I think with a coincap of 120M we have 120M/(14K4*365) = 22 more years before this point is reached at which I understand from Tranz, nothing particular will happen anyway.  And adding a daily fixed 14K4 also means inflation will be less and less every year.

I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course Smiley

http://hobonickels.info/charts.php
That is a great username!
legendary
Activity: 2534
Merit: 1129
He said coin cap not market cap (though he may have meant market cap lol.) The coin cap as I understand is 120 million coins. I do not know whether Tranz built in "inflation" or not; maybe this is what CrazyLoaf was really asking about...?

Yeah, I was talking about the coin cap vs the market cap. I know the coin cap is in the code as 120M, but how realistic is it that we get there? At this point, let's say we got there in 5-10 years. Anyone holding now would be diluted into oblivion unless they are a large-ish holder.

Ok,  sorry about the misunderstanding !

That is an interesting point I hadn't considered.
sr. member
Activity: 856
Merit: 250
I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course Smiley

I share your opinion on all counts. This is an excellent coin. I too am stacking them...but without any self imposed limits due to this unknown thing you call "greedy". Cheesy

Love this coin too. I have been buying for some time now and I recently discovered im in the top 40 of the richlist.  Shocked
legendary
Activity: 1540
Merit: 1060
May the force bit with you.
Hi every one, I am another HBN supporter and was reading along with your discussion.

This is what I make of it: If you check the chart of the the money supply, you'll notice the constant increase of HBN which consists of 14400 HBN every day being added to the existing amount. (makes sense: 1 block of 5 HBN  every 30 sec.)
POW and POS are competing for this daily amount but no matter much POS or POW, 14400 cannot be exceeded. So diff rises over time and stake% lowers over time. One influencing the other as well in order to maintain 14400 every day.
So I think with a coincap of 120M we have 120M/(14K4*365) = 22 more years before this point is reached at which I understand from Tranz, nothing particular will happen anyway.  And adding a daily fixed 14K4 also means inflation will be less and less every year.

I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course Smiley

http://hobonickels.info/charts.php

True on a lot, but a few misconceptions. The algo only cares to keep the blocks at 30 seconds, what the block reward is, does not influence it.

Looking at a few stats.

We are at day 274.775 in the chain. Each day we try to make  2,880 blocks.  So 274.775 * 2,800 = 791,352. The current block is 788,600 So we are slightly below the target blocks. But pretty close.

PoW only should produce 14,400 coins a day.  So at 274.775 days, we should be at 3,956,760. We are currently at 4,026,732.041296. Slightly ahead of PoW only target. Remember the current coin supply also takes into account the fees that are destroyed.  Not sure on how much that really is right now. Maybe a few thousand at most.

So in next year. I believe the inflation rate should pick up. Then by year 3 or 4, it should begin to slow.  Eventually it could slow to lower then PoW only. This should be the goal, as we approach the 120MM mark.
hero member
Activity: 966
Merit: 513
I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course Smiley

I share your opinion on all counts. This is an excellent coin. I too am stacking them...but without any self imposed limits due to this unknown thing you call "greedy". Cheesy
full member
Activity: 216
Merit: 100
Hi every one, I am another HBN supporter and was reading along with your discussion.

This is what I make of it: If you check the chart of the the money supply, you'll notice the constant increase of HBN which consists of 14400 HBN every day being added to the existing amount. (makes sense: 1 block of 5 HBN  every 30 sec.)
POW and POS are competing for this daily amount but no matter much POS or POW, 14400 cannot be exceeded. So diff rises over time and stake% lowers over time. One influencing the other as well in order to maintain 14400 every day.
So I think with a coincap of 120M we have 120M/(14K4*365) = 22 more years before this point is reached at which I understand from Tranz, nothing particular will happen anyway.  And adding a daily fixed 14K4 also means inflation will be less and less every year.

I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course Smiley

http://hobonickels.info/charts.php
legendary
Activity: 1540
Merit: 1060
May the force bit with you.
The 120 MM is a place holder in the code, if you trace it down you will see there is nothing preventing staking or mining from just that one line.

The real goal is to approach this amount over long time and keep it just out of reach.

One thing to realize is that as we enjoy more staking on the network, the payment(interest) goes down. So if every coin was staking the yearly ROI would not 100%, it will drop and the inflation rate will slow.
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
Yeah, I was talking about the coin cap vs the market cap. I know the coin cap is in the code as 120M, but how realistic is it that we get there? At this point, let's say we got there in 5-10 years. Anyone holding now would be diluted into oblivion unless they are a large-ish holder.

If you are holding now, and staking, then your market share of the supply should stay relatively constant except it will be diluted by the PoW blocks. PoW blocks will become rarer and rarer over time I think though.
hero member
Activity: 763
Merit: 534
He said coin cap not market cap (though he may have meant market cap lol.) The coin cap as I understand is 120 million coins. I do not know whether Tranz built in "inflation" or not; maybe this is what CrazyLoaf was really asking about...?

Yeah, I was talking about the coin cap vs the market cap. I know the coin cap is in the code as 120M, but how realistic is it that we get there? At this point, let's say we got there in 5-10 years. Anyone holding now would be diluted into oblivion unless they are a large-ish holder.
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
Based on my back of the envelope calculations the fastest possible time span would be 4+ years from now. But that assumes that every coin is staked.  I think it is safe to assume that a lot of the HBN money supply is in lost wallets, so much of it won't stake. Also safe to assume that many people won't even stake their coins.

The current stake is probably something like 20% of coins or less. A 20% stake rate would give us a good 11 more years or so.  Also hard forks are always available if the community decides to keep expanding the supply.
member
Activity: 98
Merit: 10
would pos and pow die if the cap gets reached?Huh? (that would be sad  Cry  i like pos)
when would it happen at current rate?
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
So what's a realistic long-term coin cap on HBN and when will it be reached?

 Between $0 and  $500m  

Between  2014 and 2040.

How would you expect to work it out ?  It depends on too many factors.  All one can say is that the good community and dev. give HBN a better chance than most alts.


He said coin cap not market cap (though he may have meant market cap lol.) The coin cap as I understand is 120 million coins. I do not know whether Tranz built in "inflation" or not; maybe this is what CrazyLoaf was really asking about...?

According to some previous quotes from Tranz, we aren't quite sure how the cap will function yet. It is there in the code but whether or not it actually works and prevents both PoW and PoS from expanding the money supply is a question at this point.
full member
Activity: 182
Merit: 100
So what's a realistic long-term coin cap on HBN and when will it be reached?

 Between $0 and  $500m  

Between  2014 and 2040.

How would you expect to work it out ?  It depends on too many factors.  All one can say is that the good community and dev. give HBN a better chance than most alts.


He said coin cap not market cap (though he may have meant market cap lol.) The coin cap as I understand is 120 million coins. I do not know whether Tranz built in "inflation" or not; maybe this is what CrazyLoaf was really asking about...?
legendary
Activity: 2534
Merit: 1129
So what's a realistic long-term coin cap on HBN and when will it be reached?

 Between $0 and  $500m  

Between  2014 and 2040.

How would you expect to work it out ?  It depends on too many factors.  All one can say is that the good community and dev. give HBN a better chance than most alts.

hero member
Activity: 763
Merit: 534
So what's a realistic long-term coin cap on HBN and when will it be reached?
legendary
Activity: 1540
Merit: 1060
May the force bit with you.
I have 1.2 + 0.75 HBN PoS mined, but not confirmed since last week. Are these coins gone? Other mined coins were confirmed properly.

Those are orphans. Please see this to understand.
http://wiki.hobonickels.info/index.php?title=Orphan
newbie
Activity: 49
Merit: 0
they are stronger then ever! what version of the wallet and some specifices and maybe we could help you out?


want a great place to mine ?
completely free? not even the transaction fee for transferring out!


http://hbn.cryptotroll.com

completely FREE mining!!!!!!!!!!
hero member
Activity: 676
Merit: 500
I have 1.2 + 0.75 HBN PoS mined, but not confirmed since last week. Are these coins gone? Other mined coins were confirmed properly.
newbie
Activity: 49
Merit: 0

New Pool.    No fees of any kind!    Mining fee: 0%;  Automatic Payout Fee: 0;   Manual Payout Fee: 0.    Happy Mining!


http://hbn.cryptotroll.com





 Hobonickels Rewards!
posted Apr 22, 2014 at 08:56



We have implemented a unique (as far as we know) program to reward the miners that help our pools become successful.   We first made it available to our WorldCoin and Dogecoin Pools and now we are bringing it to our Hobonickels pool (http://hbn.cryptotroll.com)!

We would like to reward you for both participation and results, therefore you will be rewarded in two ways:




 1.  Early bird reward:  First 50 subscribed users will be flagged for No Fees for Life reward.   Regardless of our future fee structure, you will never have to pay fees1.    To make sure that this reward goes to mostly unique users, only accounts that have done some mining (you must make at least one coin) with us will be recognized.




2.  Founders reward:  Once our site hits 100 simultaneous users and have at least 200 MH/s hash rate, top 5 contributors up to that point will be GREATLY rewarded forever.  Each of those users will ALWAYS get paid a portion of each found block by our Hobonickels pool, even if they have not participated in mining that block.  If they have participated, it would just be additional payment to their share for that block.  All the bonuses will be paid from fees we receive.   This will not reduce the payouts to all other miners.




We will be looking at two categories when selecting top 5 users, found blocks and overall hash rate.




·         Top 4 users that found the most blocks will get their reward.  

·         The last spot will be given to the user with the highest hash rates that was not lucky enough to get on the top 4 list.    Users that already made it to top 4 will not be considered for these last spot.  




Now to the actual reward details!   Large part of all the fees we collect will be paid to our winners forever!  




·         30% of all fees collected will be distributed as part of Founders reward.

·         Each of the rewarded accounts will receive 5% of fees collected permanently.

·         In addition! The account that found the most blocks by the time we reach 100 simultaneous users will get paid additional 5%, totaling 10% of all pools income for life!




Other small tokens:




·         Each user with a Founder reward will have an icon next to their name on all visible lists of the site.    This will be (yet to be created) an image of the reward and coin type with your reward number (1 of 5)

·         We will also link this account to all accounts you have with our other pools (per your approval), where this icon will be displayed next to your name as well.

·         It would be possible to have multiple icons next to your name, once we launch this program to our other pools.   Many new pools are coming!







CryptoTroll




1  This only applies to fees paid to Cryptotroll.com.  Transaction fees paid to network during withdrawals would still apply.




Some additional rules to prevent cheating:

1.  Miners mining under 100 Kh/s on average will not count toward total of 100 simultaneous miners.  (these miners will still have full right at the reward and all other perks).  For example if we have have 102 simultaneous miners mining at the same time, but 3 of them are mining below 100 Kh/s rate, we would need one more miner to join in to reach 100 and end the competition.   Each of those 3 miners can still win the reward, if they found sufficient amount of blocks to reach top 5.

2.  Only one account per IP will count towards 100 simultaneous users.  Note, you can have as many workers as you like, they will all count towards your account.   All accounts on the same IP will be eligible for Founders reward, there is no limitation other than general calculation of 100 simultaneous miners.    The chances of winning for each account will be identical if they run from the same IP versus different IPs.


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