[Official ANN]FREELABIT|FBF|Up to 15% Interest|No ICO|POW|Cryptonight - page 23.

nizzuu

full member

Activity: 187

Merit: 100

Cryptocurrency enthusiast

Quote from: FreelaBit on December 03, 2017, 05:19:22 PM

Their timer is IP location based apparently.

I see neither notification for user nor any geo ip filtering - anybody can vote now. Lol they just set timer to some UTC time or something, that's not enough, voting must depend on it... I don't know when the voting actually stops, I see it's going on for now.

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Quote from: nizzuu on December 03, 2017, 05:08:22 PM

I think we've won the voting out there - https://altcoinbit.com/page/voting

We were on the 1st place with +4 votest when the timer disappeared.

Btw, dislike for the form which still submits the votes, but I hope they would go to the next round.

Their timer is IP location based apparently. I can see still 4 hours and 40 minutes left for voting

nizzuu

full member

Activity: 187

Merit: 100

Cryptocurrency enthusiast

I think we've won the voting out there - https://altcoinbit.com/page/voting

We were on the 1st place with +4 votest when the timer disappeared.

Btw, dislike for the form which still submits the votes, but I hope they would go to the next round.

danspasiva

full member

Activity: 417

Merit: 105

Quote from: FreelaBit on December 03, 2017, 07:30:52 AM

Quote from: danspasiva on December 03, 2017, 03:51:48 AM

Quote from: FreelaBit on December 02, 2017, 10:26:02 AM

Quote from: danspasiva on December 02, 2017, 03:17:51 AM

Hey dev,

I'm a bit confused about the coin supply/mining. Am i reading correctly that the maximum supply is 18 trillion?? And it only awards 10 coins per block every 2 minutes? If so, how can this ever be profitable to mine?

Thanks

Maximum FBF Supply & Deposits:

18,446,744,073,709 FBF

Decimal Points: 6

Minimum transaction fee: 0.001

Total amount of coins to be emitted: Most of CryptoNote-based coins use (uint64_t)(-1) (equals to 18446744073709551616).
Mind the decimal, its the same amount of units as other cryptonote coins, they put the decimal in a different place.

18,446,744.073709551616 -12 (monero)
184,467,440,737.09551616 -8 (bytecoin)
18,446,744,073,709.551616 -6 (FreelaBit)

Thanks, I understand these details already, what I am saying is that with 18 trillion supply, and only 10 coins per block every 2 mins, this means it probably costs 100x the electricity to mine than the actual value of the coins that I will get.

Because how much can each coin even be worth when you have an 18 trillion supply? It has to be less than 1 satoshi even, otherwise you have a market cap higher than bitcoin.

This has been discussed before in this thread. It seems like you have been mining long enough to already know that most cryptonote coins don't have a huuuuge block reward. Also, mining is not the only source of emission, **see deposits (has been discussed many times), it's a free market, so its kinda difficult to predict prices. Even though the total supply seems to be huuuge for you(not different from the rest of cryptonote coins) the circulating supply will not be huge ,at least for a few decades, for the very same reason you've concluded in your analysis. So, even though it is a decentralized coin, there's kinda controlled supply. Also, if you've been mining long enough you should already know that to the block reward you need to add transaction fees that are rewarded to miners.
There's always a shitload of coins you can mine if the intrinsics of FBF don't suit your pump and dump needs!
Cheers.

First of all, please excuse me if you felt as though i was talking shit about your project as this was not my intention, I am happy that you have a strong belief in it. My intention is to understand the emission better and you have explained that you think the circulating supply will be quite low, so this makes somewhat of sense to me although I still think it is too high of a maximum but I also do like the idea of the project itself, thanks.

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Quote from: Dfinest on December 03, 2017, 07:33:49 AM

Airdrop is on the corner.

Yes!
While you wait you may register and vote:
https://altcoinbit.com/page/voting

Dfinest

full member

Activity: 461

Merit: 101

Airdrop is on the corner.

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Quote from: danspasiva on December 03, 2017, 03:51:48 AM

Quote from: FreelaBit on December 02, 2017, 10:26:02 AM

Quote from: danspasiva on December 02, 2017, 03:17:51 AM

Hey dev,

I'm a bit confused about the coin supply/mining. Am i reading correctly that the maximum supply is 18 trillion?? And it only awards 10 coins per block every 2 minutes? If so, how can this ever be profitable to mine?

Thanks

Maximum FBF Supply & Deposits:

18,446,744,073,709 FBF

Decimal Points: 6

Minimum transaction fee: 0.001

Total amount of coins to be emitted: Most of CryptoNote-based coins use (uint64_t)(-1) (equals to 18446744073709551616).
Mind the decimal, its the same amount of units as other cryptonote coins, they put the decimal in a different place.

18,446,744.073709551616 -12 (monero)
184,467,440,737.09551616 -8 (bytecoin)
18,446,744,073,709.551616 -6 (FreelaBit)

Thanks, I understand these details already, what I am saying is that with 18 trillion supply, and only 10 coins per block every 2 mins, this means it probably costs 100x the electricity to mine than the actual value of the coins that I will get.

Because how much can each coin even be worth when you have an 18 trillion supply? It has to be less than 1 satoshi even, otherwise you have a market cap higher than bitcoin.

This has been discussed before in this thread. It seems like you have been mining long enough to already know that most cryptonote coins don't have a huuuuge block reward. Also, mining is not the only source of emission, **see deposits (has been discussed many times), it's a free market, so its kinda difficult to predict prices. Even though the total supply seems to be huuuge for you(not different from the rest of cryptonote coins) the circulating supply will not be huge ,at least for a few decades, for the very same reason you've concluded in your analysis. So, even though it is a decentralized coin, there's kinda controlled supply. Also, if you've been mining long enough you should already know that to the block reward you need to add transaction fees that are rewarded to miners.
There's always a shitload of coins you can mine if the intrinsics of FBF don't suit your pump and dump needs!
Cheers.

danspasiva

full member

Activity: 417

Merit: 105

Quote from: FreelaBit on December 02, 2017, 10:26:02 AM

Quote from: danspasiva on December 02, 2017, 03:17:51 AM

Hey dev,

I'm a bit confused about the coin supply/mining. Am i reading correctly that the maximum supply is 18 trillion?? And it only awards 10 coins per block every 2 minutes? If so, how can this ever be profitable to mine?

Thanks

Maximum FBF Supply & Deposits:

18,446,744,073,709 FBF

Decimal Points: 6

Minimum transaction fee: 0.001

Total amount of coins to be emitted: Most of CryptoNote-based coins use (uint64_t)(-1) (equals to 18446744073709551616).
Mind the decimal, its the same amount of units as other cryptonote coins, they put the decimal in a different place.

18,446,744.073709551616 -12 (monero)
184,467,440,737.09551616 -8 (bytecoin)
18,446,744,073,709.551616 -6 (FreelaBit)

Thanks, I understand these details already, what I am saying is that with 18 trillion supply, and only 10 coins per block every 2 mins, this means it probably costs 100x the electricity to mine than the actual value of the coins that I will get.

Because how much can each coin even be worth when you have an 18 trillion supply? It has to be less than 1 satoshi even, otherwise you have a market cap higher than bitcoin.

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Quote from: fosograf on December 02, 2017, 07:22:09 PM

1 month = 0 Exchange..
Dev u know so coins price now is 200 sat maximum? +1 month and price slow down to 50-100 sat... Give u pre-mine FLF to coinsmarkets dev for listing, if u cant pay 0.08 BTC on trash-stocks.exchange!

We´ve stated many times in this thread: This is a community driven project, nobody owns/controls Freelabit, also if you carefully read the OP you may find that we have stated that the FBF Premine is allocated for platform development (freelancing platform), marketing, bounties and user rewards.

There are voting lists opened, so, go ahead and contribute, every vote/contribution counts!

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Asia-Pacific Mining Pool (3rd Party)

http://freelabit.cryptonight.me/ Singapore-APAC Region

fosograf

full member

Activity: 373

Merit: 100

1 month = 0 Exchange..
Dev u know so coins price now is 200 sat maximum? +1 month and price slow down to 50-100 sat... Give u pre-mine FLF to coinsmarkets dev for listing, if u cant pay 0.08 BTC on trash-stocks.exchange!

baliwae

newbie

Activity: 36

Merit: 0

Quote from: FreelaBit on December 02, 2017, 11:31:38 AM

Quote from: baliwae on December 02, 2017, 11:08:55 AM

do you receive my message about page translation?

thank you!

Please see OP

"*Please send a PM with links to previous works, wait for approval to start translation."

i dont have previous work. this is my first work. is it possible?

entropy0

full member

Activity: 412

Merit: 100

Que sera sera

added new pool for FBF

http://freelabit.cryptonight.me/

0.1% fee right now to promote launch, located in Asia Pacific region

nizzuu

full member

Activity: 187

Merit: 100

Cryptocurrency enthusiast

https://altcoinbit.com/page/voting

We're on the 2nd place with -1 vote only, 1 day left. It's time to vote like I did Wink

Send some ALTBP as well.

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Quote from: Eddyc on December 02, 2017, 02:35:41 PM

DEV, Freelabit's supply is 8 Million, that's the information on the blockexplorer! And why are the numbers on the front page of the thread apparently saying there are more coins?

block explorer shows CURRENT circulating supply. (it increases as blocks get mined)
Total amount described on OP is the total amount of FBF to be emitted

Eddyc

sr. member

Activity: 1020

Merit: 391

DEV, Freelabit's supply is 8 Million, that's the information on the blockexplorer! And why are the numbers on the front page of the thread apparently saying there are more coins?

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Quote from: baliwae on December 02, 2017, 11:08:55 AM

do you receive my message about page translation?

thank you!

Please see OP

"*Please send a PM with links to previous works, wait for approval to start translation."

baliwae

newbie

Activity: 36

Merit: 0

do you receive my message about page translation?

thank you!

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Quote from: samand on December 02, 2017, 06:38:42 AM

HI I am unable to sync my wallet, its stuck on 1/1, is there a conf file I need to generate? Thanks.

Are you behind a firewall?What OS?Have you tried to re-install it?

FreelaBit

full member

Activity: 224

Merit: 102

https://freelabit.network

Quote from: koang on December 02, 2017, 04:18:57 AM

Hello dev ...
I just filled out the airdrop form and I hope I'm not late.
Good luck for you project..

Airdrop is still open!

Topic: [Official ANN]FREELABIT|FBF|Up to 15% Interest|No ICO|POW|Cryptonight - page 23. (Read 29187 times)