Quote from: thokon00 on May 28, 2015, 01:10:20 PM

Quote from: Jack Liver on May 28, 2015, 12:51:52 PM

calculate how many coins you can mint its simple:

coin amount / 100 x 3 = yearly minting

50000 FAIR can become 51500 after a year at 3%, on february 2 of 2016 minting reward half to 1,5%.

to calculate minting reward on age base:

yearly minting / 365 x age of transaction = age base minting

50000 FAIR can mint after 21 days 86 FAIR

Probability is related to many factors:

amount of coins, age of transaction and minting difficulty you can check here for difficulty

https://chain.fair-coin.org/rt/connected-nodes.html

many open wallets means more competition and higher difficulty, the more days pass higher is probability until you reach the maximum weight after 90 days.

Thanks Jack for the good explanation. I'd only add that we'll never reach the 1.5% reward phase, because there will be no minting (=staking ) any more in FairCoin 2.0.
See here: https://fair-coin.org/faircoin2.html

regs
Thomas

to be honest..i'm not quite understand the concept of POC and i felt a 1.5% POS is reasonable therefor is that neccessary for such a big change?

and...if it is really a need for a change,i would like to suggest dev team to take a look at the tech of vanillacoin see if it suitable for Faircoin:

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CoinPP Project Announcement

What is Coin++?

It is a high performance C++11 cryptographic currency library that is not a clone of the original Satoshi codebase. It is 100% backwards compatible with Peercoin or any derived cryptographic currency.

What can I do with it?

You can build new cryptographic currencies or upgrade existing cryptographic currencies such as Peercoin or Blackcoin to a modern codebase.

What does this mean for Vanillacoin?

It will move away from the old Satoshi protocol altogether over a year long transition to a new modern, efficient and standardized communications protocol.

Will the current non-Coin++ blockchain still be compatible with the Coin++ code?

Yes.

Will switching to Coin++ require the coin to do a hard fork?

No.

Where can I find additional information and documentation on the project?

Jump on IRC and contact john-connor or PM for his BM adress.

Github and Announcement thread

https://github.com/john-connor/coinpp

https://talk.vanillacoin.net/topic/120/coinpp-coin-project/2

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