Topic: NanoTokens Information thread MOVED - page 19. (Read 38076 times)

So we are going to stay at 10 for the reward not going to change it correct?

Dat jackpot!

Noooo 23 tickets and nothing 

bump

just hit the first diff adjust ment. current diff is .24 get them coins while they are hot ya'll!

those with serious hashrate can get paid to mine!

Ok checkpoint is almost ready for windows clients.


1. Miners, i will inform you that block rewards will not be increasing. it will remain at 10. the reasoning behind this move is that any change to the block reward devalues the blocks that have already been mined. just hear me out here, if we can make it to the exchange, you should be able to get more for 10 nan's at the current block value than you would if it was raised to 100 block reward. please do not whine and complain, if you don't like it don't mine it.

2. Difficulty

the difficulty adjusts every 24 hours roughly. a number of you have mentioned the sluggish transaction speeds. i am in unchartered waters here, i am curious what will happen if i try to lower block times to that of digitalcoin. i don't want to invalidate the chain and slap anyone in the face in the process. if anyone knows or wants to help, please don't hesitate to contact. you will be compensated for your work and helpfulness, which is why i reserved such a large premine. i knew i would need the help going in.

r3wt

Slow as hell but it's not shitting itself anymore.

Shortlinks for blocks aren't working however: http://blockexplorer.coinworld.us/b/1vH5Z8F5F

Big Spendahhhhhhh!

The gent who took 3rd didn't do too bad for his investment, either.

FTR: I bought 555.55555555 tickets (555 functionally) in that lotto and received 4758.39 in prizes.

That's 8.5x profit, nice.

lol, just seeing this now. i don't really like this honestly. i like the N and the brackets, but both look to plain maybe if you could stylize them a little bit, you know make the logo just the n and the brackets with a white/beveled border. i hope i didn't confuse you to much. i want something nice and fancy like bitcoin and litecoin have.

01001001 01101110 01100100 01100101 01100101 01100100 00100000 01111001 01101111 01110101 00100000 01100100 01101001 01100100 00101110

Wow constant payouts seems like your really earning something till you realize these still have no value. Hope something good happens with NanoTokens.

the drawing went on schedule and here's where the results will be for the next day or so:

http://lotto.coinworld.us/test/history.php?draw=2

excellent work MobGod. this is exactly why i reserved so many bounties. The people who put the work in to create services for these coins are the ones who earn their keep. now its time for us to straighten out the block reward and make the miners happy. then maybe we can call it a success.

I'd like to thank everyone who has helped, participated, influenced, and helped guide me into bringing NanoTokens from a dream to a reality. I will continue to do my best to make the coin the best it can be.

OK this maybe getting close to threadjacking but a bump for nanotoken and for those watching I went in the wallet and pulled the lotto account balance.

5804.55555555 NAN.

This * .9 = 5224.09999999 shown currently in the prize banner.

this minus donation and seed money = 799.55555555 tickets purchased.

So there are 799 tickets divided in a currently unknown fashion between 7 addresses trying for a 5224.09999999 prize.

Prize is divided into 5 portions of 50%, 20%, 10%, 10%, 10%.

That's 100% of the prize fund. Which is 90% of deposits.  Which is not related directly to ticket sales.



EDIT Which changed by the time i posted.



Click the image to go play.

Blockexplorer should be working fine now cat you can test it.updated the db

Hey sorry I was trying to post when the forum went down and then I got distracted.  HEre's what I had written:

======================================================================\


This part is different for sure.

Reservations are the number of people that have submitted prize addresses (and received reservation addresses) to the drawing.

Each reservation address will have tickets calculated for it, according to the deposits sent to that address, at drawing time.

Here's a breakdown:

When a user submits a payment address on the front page, a reservation address is created, and paired with that payment address in the database.

- That reservation address can accept payments until the drawing. In fact, you can send payments to that reservation address from any other payment address, all of the tickets created at drawing time will be counted towards the same payout address that was originally used to generate the reservation.

There are a couple of potential uses for this.  First of all if you can get their reservation address (or just create one using their account) you can buy tickets for friends or other people - you can pass out your own reservation address in hopes that others will buy you tickets.

An individual (let's say a coin foundation or dev) could create a reservation and then ask supporters to buy tickets in hopes of receiving the jackpot.

Who knows what people will come up with.

Does that part make sense?

So the number of reservations on the page tells you how many players (payout addresses) are trying for the pot.

It doesn't tell you about the number of tickets that each reservation has.

Also, back with the donations.  The donations are not associated with a reservation or any tickets. The size of the prize pool is disconnected from the number of reservations or the number of tickets.

So, when the drawing comes, the reservation addresses are scanned for deposits. Only the reservation addresses not donation addresses.
The deposits that have made at least one confirmation into the reservation accounts are divided by the ticket price into a number of tickets for that particular reservation.

When all reservations have had their deposits counted, the drawing for 5 winners is performed against the list of tickets in the order of 1st, 2nd etc..

After the tickets have been drawn, the script checks the specific account for this drawing in the wallet.

This balance should contain all deposits to correct reservation addresses (ticket sales).  It should also contain any donations that were received for this drawing. It may contain other seed funds from us - and there may be odds and ends, I have people sending fractional coins in their deposits.  These fractional coins do not result in an additional ticket (floor not round) but they do get divided in and distributed amongst the winners.

So now we have our winners and our total revenues for this drawing.  

Balance * .9 = prize fund.
Balance * .09 = "The Rake"

The remaining .01 sits around in the general wallet balance until it's either large enough for us to split manually, or eaten by TX fees. I think there has to be a hedge before we write a sendmany with 5 outs and 3k inputs or something crazy.

So, without some manual wallet prowling and a bit of math, I don't even know how many tickets are actually being sold once I have given out a donation address or things vary from 1/1 with prize pool and reservations.


I can simulate the drawing logic until it produces a ticket count, but so far I've considered doing this realtime to be a little resource intensive.

You never know how many tickets are sold in a gov'mint lotto anyways, heh.

Sorry for the long ramble.  I'm trying to get this all sorted and clarified so that I can write some good copy for the site and it helps me to explain it a few times.

===================================================================


Yeah you've got it basically right, the breakdown above should clarify a little. It looks like someone may have tossed in some odd amounts just to see what happens.

Thee amount shown in the prize banner is (deposits + donations (5005 NAN I know of) * .9)

"Reservations" is the amount of people who have entered. So right now there are 7 people who have entered tickets into the lotto.

I don't think it displays anywhere the amount of individual tickets have been purchased, but you can assume there's at least 4769.

FTR: Before I entered the prize was 14.something, I assume there was maybe 15 tickets. Then I added 50 and it looks like r3wt threw in 5000. That's 5065 I know of.

Edit: Almost forgot, you can see the exact amount of tickets after the draw is over on the history page. The first round had 15 tickets: http://lotto.coinworld.us/test/history.php

No worries,
Honestly you are worth the coins for setting it up. Why haven't 'reservations' updated with ticket purchases? Or am I looking at the wrong thing?

Cool coin, you can send NaN without having to pay the fee.

Good question.... coin confirms are so slooooowwwww .... poor little pool