Your input and comments are always appreciated. I just took over most of the development as there was nobody left to do it, but i am still learning and progressing on blockchain technology. I am not saying i am totally against AuxPOW and will look at its implementation and discuss it with GoldSeal and other interested parties .... i am just cautious and do not want to risk any mayor issues on the verge of the CSC breakthrough ......
Wow, Casinocoin has a great leader here guys. I really am impressed with you ajochems. Sorry for sounding so sour/flippant in my other posts...I seem to be turning into "that guy" lately.
Andre and Goldseal are awesome they are doing some amazing work for CSC.
I, personally, like to see this coin below the main lines, with which she was born.
But now, I pray that someone can enlighten me
"black in white", why this stigma with the miners. Why cut the reward of 10 to 1 ??
I do not understand ... I always thought that the strength and stability of a currency "POW" was in ghâsh power .... The more miners, the better. Right?
I do not understand why this problem with the miners ... If it were not for the miners to move the market, dumping coins, the market was paralyzed. for me, worse than a falling market is a market with no signs of life ...See the example of Alcurex.org. It is to fly ... (no miners selling...)
In fact, they are "planned" grandiose projects for CSC. But as for me, though small, there is a real value in CSC: the amount spent on equipment and electric power, necessary to mine the CSC.
This value can be delayed, but it is real. And from what I read (or reading I do in previous posts), you guys, intend to stop it.
What will be the attraction of mining a coin per minute
Zero. (only if CSC=$1USD, then maybe...)
Just to make it clear, I'm not miner! I just tried to rent a machine to learn how to mining. And what I mined, I keep to myself ...
Let's be honest, in this moment the most harmed are the miners ...
If the price is low, is because we as a community, do not know how to capture and generate demand for CSC necessary for the currency appreciate a little more.
About blockchain, I think it would be good to change this kind of thing right now (I refer to changing the rules when are already underway the prypto cards, the alleged agreements with some casinos, one blockchain - 2 coin marks , etc...).
I understand what you mean by a strong hash rate is a strong network but does the network in turn become longstanding for the future?
The problem with the current mining situation is a lot of people/pools are mining CSC to just dump it, like Andre mentioned it is quite hard to create a steady price increase without manipulating the market and that's the last thing we want to do.
In July if we let CSC halve to 5 coins per block at the current rate for the next 3 years a total of approx 15 Million coins will be minted ontop of the already 38 Million coins that are already available. Very quickly do we reach the 63,000,000 Coin mark this way and I think that is one of the main driving forces.
The block time is staying at 30 seconds so it will be a coin per half minute~ this would happen down the line eventually after a few halves but why now ?
By doing it now we ensure that the network is backed by individuals who support the network and not just mine on it because after mining is finished these individuals will be supported by transaction fees unless CSC switches to another algo that doesn't require mining.
From where I stand bringing down the reward to one coin per block will not only strengthen the network but also provide us for some much needed expansion time for the future to grow the network into one that is longstanding and more resilient.
I do agree that we as a community need to step up how we approach marketing CSC and make it more attractive to the Gambling market who is not all that tech savy sometimes.
I understand what you are saying, though your numbers are wrong.
Your numbers assumes:
One block every 30 seconds
or
2 blocks every 1 minute
or
120 units every hour
or
2880 blocks every 24 hours. (Or 28,800 CSC / day)
Now see my projection based on 2160 blocks day (or 21,600 CSC / day........ or a block each 40 seconds):
Number CSC Total number of days block/day reward/block
Until 18 jul 2016 38965475 45 2160 10
Until 18 jul 2019 50791475 1095 2160 5
Until 18 jul 2022 56704475 1095 2160 2,5
Until 18 jul 2025 59660975 1095 2160 1,25
Until 18 jul 2028 60843575 1095 2160 0,625
Until 18 jul 2031 62026175 1095 2160 0,5
Until 18 jul 2034 63208775 1095 2160 0,5
BUT
It turns out that the reality is even more different.
If you see the block chain explorer, the number of blocks generated per day is still much lower (at least in the last few weeks ...)
I'll give you some examples (always 24-hour intervals):
block between 1519513 and 1517920 ......... 1593 blocks
block between 1514815 and 1513484 ......... 1331 blocks
block between 1504933 and 1503818 ......... 1115 blocks
block between 1503050 and 1502389 ......... 661 blocks
But where I want to get is that even ,, always halving every 3 years, we have at least 17 years to mine.
If in 17 years, the CSC are not worth at least $ 100USD / each, and we can not live from the transaction fees, then we are damned .... LOL