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Topic: remove thread - page 11. (Read 31256 times)

member
Activity: 70
Merit: 10
j-coin//just 4 cpu's
July 31, 2013, 11:17:09 PM
#54
this coin is a fucking joke. 14 years to mint 580k coins, meanwhile the premine occured in approximately 30 seconds.
full member
Activity: 126
Merit: 100
July 31, 2013, 11:14:56 PM
#53
fucking stupid coin.
full member
Activity: 126
Merit: 100
July 31, 2013, 11:14:10 PM
#52
funcking stupid coin, go to hell, fuck, it's only a piece of shit.
sr. member
Activity: 266
Merit: 250
July 31, 2013, 11:11:53 PM
#51
Well.. the zero interest POS blocks are kind of a interesting twist.

 Tongue
full member
Activity: 151
Merit: 100
July 31, 2013, 10:46:01 PM
#50
R a good high mineral pool, the basic A 2-3 times
sr. member
Activity: 588
Merit: 250
July 31, 2013, 10:27:50 PM
#49
Orbis coin coming tonight. No premine, we emailed Steven Spielberg, johnny depp and more. Expect title to read "endorsed by the stars" in the launch title.

Nothing worse that bad coins with poor math and unrealistic premines

^^^^^ Agree
sr. member
Activity: 588
Merit: 250
July 31, 2013, 10:26:51 PM
#48
it's a joke, 1 mil premine, and 1.5 mil total, lol
newbie
Activity: 18
Merit: 0
July 31, 2013, 10:24:37 PM
#47
oHEHbw2WT8mUCcNft52CyZ2aX2f2d3mMQ5  Shocked Shocked Shocked Shocked
legendary
Activity: 1008
Merit: 1022
July 31, 2013, 10:12:42 PM
#46
1.5 million total coins. Please correct the math to 66% premine
sr. member
Activity: 470
Merit: 251
July 31, 2013, 10:10:22 PM
#45
oXFRwnmtnHp7LMXd1pmotUcRotVZeRc14v

thanks!
hero member
Activity: 770
Merit: 500
July 31, 2013, 09:35:42 PM
#44
oaSmJUzN58L8keWCGNh1Yi4dcDELBejKZi

 Cool

Thanks!
hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
July 31, 2013, 08:39:04 PM
#43
oK1NdsAPtiVE8f4w4cujfgLctcJTESNYtK

 Shocked

 Cheesy
legendary
Activity: 1008
Merit: 1022
July 31, 2013, 07:56:23 PM
#42
Orbis coin coming tonight. No premine, we emailed Steven Spielberg, johnny depp and more. Expect title to read "endorsed by the stars" in the launch title.

Nothing worse that bad coins with poor math and unrealistic premines
hero member
Activity: 874
Merit: 1000
July 31, 2013, 07:46:56 PM
#41
scrypt blaaaaah!
sr. member
Activity: 369
Merit: 250
Cryptsy.com • Got Shitcoins?
July 31, 2013, 07:43:14 PM
#40
From the dev...

It's not set to stop mining after 500 years lol...

Mined over the next 500 years, we judge this based on future mining rigs, it could in fact take much longer if theirs no advancements in the field.
hero member
Activity: 708
Merit: 500
July 31, 2013, 06:58:12 PM
#39
1,000,000 premine..  so that's like 4,000,000 blocks premined since it's only .25 coins per block.

oh yeah this is a great coin to mine.  Let me throw my 20Mhs at this baby!!

INGENIUS IDEA!!

is 4 meewion blocks a record?
I only now mine record breaking premined coins
hero member
Activity: 532
Merit: 500
July 31, 2013, 06:52:17 PM
#38
1,000,000 premine..  so that's like 4,000,000 blocks premined since it's only .25 coins per block.

oh yeah this is a great coin to mine.  Let me throw my 20Mhs at this baby!!

INGENIUS IDEA!!


Yeah, but the sweetner is we will need to mine far more than 4,000,000 blocks since the reward halves each year lol

in 14 years all the miners together will have mined half of what the premine is ....


wtf are we all waiting for.....let's get cracking.

Welcome to the most insane premine of all time.
What's worse, they claim to be a 500 year coin.  30,000,000/500=60,000 per year/365=164 per day/2880 = .057 per block IF THERE WAS NO HALVING.  Starting with .25 per block, after 1 year .125, 2 years, .0625, 3 years .03125... already unsustainable.  262800 (total year 1) + 131400 (total year 2) + 65700 (total year 3) + 32850*497 = 16,786,350.

Heck, let's be crazy!  Let's keep the block rate for FIFTY YEARS!!!!! .25 per block for 50 years!  13,140,000 + 6,570,000 + 3,285,000 + 1,642,500 + 821,250 + 410,625 = 25,869,375
Damn, I thought I had it.

Ok, let's work this backwards!!! .00000001 is the smallest possible block reward, right?  let's double it, and again and again and.....wait.  After 30 years I'm at 5.36870912 block reward.  That can't be right!  15,461.8822656 coins per day * 365 = 5,643,587 coins... after 30 years that's be 11 million coins.  31 years would be 22 million, 32 years... 44 million... oops.

Well, thank god you don't have to know math to put out a clone coin!
sr. member
Activity: 476
Merit: 253
July 31, 2013, 06:48:22 PM
#37
1'525'600 total coins ever mined in next 500 years to come.
1'000'000 premine [10 blocks of 100'000]
 525'600 for miners


Code:
int64 nSubsidy = 0.25 * COIN;   //0.25 block reward

if(nHeight < 11) //10 blocks of premine
{
nSubsidy = 100000 * COIN;  //1000000 coins premine
}

nSubsidy >>= (nHeight / 1051200);  //reducing reward 2 times every year.
    
    return nSubsidy + nFees;

can you tell me how would you get 5'000'000 intio your fundation?


legendary
Activity: 1876
Merit: 1000
July 31, 2013, 06:39:10 PM
#36
This is my take on the pre-mine hot topic: People's time ain't cheap! Undecided You guys want coins with good services?

Yet todate I haven't seen a single alt coin with "good services" or benefit or anything other then earlier adaptors benefiting on price increases. I'm not against premines, but lets call it was it is, its not like alts dev are doing much in the way of moving alternative currencies (to fiat) in any meaningful direction.
legendary
Activity: 1151
Merit: 1003
July 31, 2013, 06:37:53 PM
#35
why  so  many  coins    supply

{
"version" : "v1.0.0.0-orb",
"protocolversion" : 60006,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 1589,
"moneysupply" : 1000394.75000000,
"connections" : 9,
"proxy" : "",
"ip" : "116.28.178.96",
"difficulty" : 0.27911226,
"testnet" : false,
"keypoololdest" : 1375311797,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"errors" : ""
}

Quote from: pr9me
1 million sit's in the foundation wallet from the start and can be seen here (odYLBLUg6xtR8jvKus3NyzhFERwKTtTCLi)
 
Before you call pre-mine you should note that this also adds to the security of the coin, meaning in the early stages nobody could mine/buy the amount of coins needed to even try and 51% attack this masterpiece.
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