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Topic: NanoTokens Information thread MOVED - page 19. (Read 38102 times)

hero member
Activity: 532
Merit: 500
July 03, 2013, 08:45:33 AM
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!
So we are going to stay at 10 for the reward not going to change it correct?
legendary
Activity: 2674
Merit: 2965
Terminated.
July 03, 2013, 07:20:39 AM
Noooo 23 tickets and nothing  Cry

Quote
Drawing Started: July 2, 2013, 7:00 am
Drawing Ended: July 3, 2013, 1:04 am
Reservations: 8        Tickets: 869
Jackpot: 5287.09999999



Dat jackpot!
full member
Activity: 182
Merit: 100
Swiss Money all around me!
July 03, 2013, 04:30:23 AM
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



Noooo 23 tickets and nothing  Cry
hero member
Activity: 686
Merit: 504
always the student, never the master.
July 03, 2013, 02:29:58 AM
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!
hero member
Activity: 686
Merit: 504
always the student, never the master.
July 03, 2013, 12:17:57 AM
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
full member
Activity: 168
Merit: 100
Captain Jack Fenderson
July 02, 2013, 11:05:43 PM
Blockexplorer should be working fine now cat you can test it.updated the db

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

Shortlinks for blocks aren't working however: http://blockexplorer.coinworld.us/b/1vH5Z8F5F
full member
Activity: 196
Merit: 100
July 02, 2013, 11:01:46 PM
FTR: I bought 555.55555555 tickets (555 functionally) in that lotto and received 4758.39 in prizes.

That's 8.5x profit, nice.


Smiley Big Spendahhhhhhh!

The gent who took 3rd didn't do too bad for his investment, either.
full member
Activity: 168
Merit: 100
Captain Jack Fenderson
July 02, 2013, 10:58:11 PM
FTR: I bought 555.55555555 tickets (555 functionally) in that lotto and received 4758.39 in prizes.

That's 8.5x profit, nice.
hero member
Activity: 686
Merit: 504
always the student, never the master.
July 02, 2013, 08:43:39 PM
Here's a logo I made!



01001001 00100000 01110011 01100101 01100101 00100000 01110111 01101000 01100001 01110100 00100000 01111001 01101111 01110101 00100000 01100100 01101001 01100100 00100000 01110100 01101000 01100101 01110010 01100101 00101110

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

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.
sr. member
Activity: 476
Merit: 250
What do you call a fish with no eyes? A Fsh!
July 02, 2013, 08:26:22 PM
Here's a logo I made!



01001001 00100000 01110011 01100101 01100101 00100000 01110111 01101000 01100001 01110100 00100000 01111001 01101111 01110101 00100000 01100100 01101001 01100100 00100000 01110100 01101000 01100101 01110010 01100101 00101110

01001001 01101110 01100100 01100101 01100101 01100100 00100000 01111001 01101111 01110101 00100000 01100100 01101001 01100100 00101110
member
Activity: 140
Merit: 10
July 02, 2013, 08:25:07 PM
Wow constant payouts seems like your really earning something till you realize these still have no value. Hope something good happens with NanoTokens.
full member
Activity: 196
Merit: 100
July 02, 2013, 08:14:37 PM
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

hero member
Activity: 686
Merit: 504
always the student, never the master.
July 02, 2013, 06:11:57 PM
Blockexplorer should be working fine now cat you can test it.updated the db

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.
full member
Activity: 196
Merit: 100
July 02, 2013, 05:57:24 PM
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.

Smiley

EDIT Which changed by the time i posted.



Click the image to go play.
hero member
Activity: 532
Merit: 500
July 02, 2013, 05:41:47 PM
Blockexplorer should be working fine now cat you can test it.updated the db
full member
Activity: 196
Merit: 100
July 02, 2013, 05:33:50 PM
Hey sorry I was trying to post when the forum went down and then I got distracted.  HEre's what I had written:

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


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?

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.

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

Why haven't 'reservations' updated with ticket purchases? Or am I looking at the wrong thing?

"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

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)
full member
Activity: 168
Merit: 100
Captain Jack Fenderson
July 02, 2013, 04:33:06 PM
Why haven't 'reservations' updated with ticket purchases? Or am I looking at the wrong thing?

"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
full member
Activity: 224
Merit: 100
July 02, 2013, 04:15:52 PM
we really do, and at this time I can't change it without tearing the prize/drawing logic apart.

Once the site is all consolidated and running smoothly I may take a look at handling donations and promos separately. The lottery script is fairly straightforward at the moment, and tracking these items outside of existing logic will add more to the lotto than the entire sum of the drawing code at this time. It's not something that's going to come online in the next few hours.

Coin devs and promoters wanting to donate was not part of our original plan. It's been brought up to me several times, and in each case when I give out an address it's made clear to them what will happen.

This lottery today is not for a bounty and may or not be made into a permanent part of the site.  I made several changes to the scripts after the drawing Sunday and wanted to run the script for something "small". r3wt liked the promo and decided to juice the pot.

So now it's not small - but that's how it works.

I plan to add a donations page to all of the lotteries, and it will be clearly explained there as well.

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?
full member
Activity: 182
Merit: 100
Swiss Money all around me!
July 02, 2013, 04:09:52 PM
Cool coin, you can send NaN without having to pay the fee.
newbie
Activity: 56
Merit: 0
July 02, 2013, 03:53:03 PM
where did everyone go lol

http://coinworld.us:8884

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