It uses ^ (1/6), to cut off reward slower, because of lower upper limit of reward. Because ^ (1/4) would be unfair in the case of 0.00024414 startup difficulty, I think.
Cool story, CoinHunter.
Topic: NovaCoin prerelease premine and other issues - page 2. (Read 4040 times)
Cool story, CoinHunter.
Difficulty started at 0.00024414 at block 1.
I would have started difficulty between 0.2 ~ 1.0 for scrypt.
Still ppcoin's continuous adjustment worked beautifully for novacoin now it's at difficulty >8, more than 4 orders of magnitude than the starting difficulty.
It uses ^ (1/6), to cut off reward slower, because of lower upper limit of reward. Because ^ (1/4) would be a little unfair in the case of 0.00024414 startup difficulty, I think. I would have started difficulty between 0.2 ~ 1.0 for scrypt.
Still ppcoin's continuous adjustment worked beautifully for novacoin now it's at difficulty >8, more than 4 orders of magnitude than the starting difficulty.
Welcome Solidcoin 3.0
Seen it, been there, done that!
Seen it, been there, done that!
Difficulty started at 0.00024414 at block 1.
I would have started difficulty between 0.2 ~ 1.0 for scrypt.
Still ppcoin's continuous adjustment worked beautifully for novacoin now it's at difficulty >8, more than 4 orders of magnitude than the starting difficulty.
I would have started difficulty between 0.2 ~ 1.0 for scrypt.
Still ppcoin's continuous adjustment worked beautifully for novacoin now it's at difficulty >8, more than 4 orders of magnitude than the starting difficulty.
Everyone always cries about how the start isn't fair, not everyone knew about the alt coin etc etc
How about, the first 5000 blocks have 1 reward in them, then at block 5000 or whatever number, then it jumps up to the 50 or whatever it's going to be? That way people can start mining pools can start, then no one cries.
I'll call this idea, fairnovacoin or fnc for short after our long departed friend fair brix.
How about, the first 5000 blocks have 1 reward in them, then at block 5000 or whatever number, then it jumps up to the 50 or whatever it's going to be? That way people can start mining pools can start, then no one cries.
I'll call this idea, fairnovacoin or fnc for short after our long departed friend fair brix.
very nice way of starting blockchain
Everyone always cries about how the start isn't fair, not everyone knew about the alt coin etc etc
How about, the first 5000 blocks have 1 reward in them, then at block 5000 or whatever number, then it jumps up to the 50 or whatever it's going to be? That way people can start mining pools can start, then no one cries.
I'll call this idea, fairnovacoin or fnc for short after our long departed friend fair brix.
How about, the first 5000 blocks have 1 reward in them, then at block 5000 or whatever number, then it jumps up to the 50 or whatever it's going to be? That way people can start mining pools can start, then no one cries.
I'll call this idea, fairnovacoin or fnc for short after our long departed friend fair brix.
Thanks Tacotime,
Now all those claiming there was NO PREMINE of NVC can suck a dick lol
Now all those claiming there was NO PREMINE of NVC can suck a dick lol
Yeah screw this bootleg coin.
thank you for this useful information that not all will know or have the time to research 
well done
well done 
When novacoin was posted here on the 11th, there were already 210,000+ coins mined. Where did those go?
The details for novacoin were first posted in the russian forum on the 10th:
https://bitcointalksearch.org/topic/novacoin-scrypt-pow-pos-hybrid-114712
Here is the timestamp for the genesis block: 1360105017 (02 / 05 / 13 @ 4:56:57pm EST)
Here is the timestamp for the first block: 1360426882 (02 / 09 / 13 @ 10:21:22am EST)
Block 1500: 1360475877 (02 / 09 / 13 @ 11:57:57pm EST)
Reward is as follows:
At block 1500 we have some 110,000 coins mined (max block reward is 100 and decreases with difficulty; at block 1500 reward is 62.580000), and it goes down with every block. This was all mined before February 10. Balthazar (alexhz) uploaded the source to github on the 9th and didn't appear to announce it. In fact, binaries didn't even appear until the 10th.
Here's a post of Balthazar showing already 500+ blocks mined before release: https://bitcointalksearch.org/topic/m.1512980
The details for novacoin were first posted in the russian forum on the 10th:
https://bitcointalksearch.org/topic/novacoin-scrypt-pow-pos-hybrid-114712
Here is the timestamp for the genesis block: 1360105017 (02 / 05 / 13 @ 4:56:57pm EST)
Here is the timestamp for the first block: 1360426882 (02 / 09 / 13 @ 10:21:22am EST)
Block 1500: 1360475877 (02 / 09 / 13 @ 11:57:57pm EST)
Reward is as follows:
Code:
nReward = 100 / (nMaxTarget / nCurrentTarget) ^ (1/6)
At block 1500 we have some 110,000 coins mined (max block reward is 100 and decreases with difficulty; at block 1500 reward is 62.580000), and it goes down with every block. This was all mined before February 10. Balthazar (alexhz) uploaded the source to github on the 9th and didn't appear to announce it. In fact, binaries didn't even appear until the 10th.
Here's a post of Balthazar showing already 500+ blocks mined before release: https://bitcointalksearch.org/topic/m.1512980
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