Post
Topic
Board Announcements (Altcoins)
Re: Re: [AXIOM] AxiomMemHash, Schnorr Sigs, 8/3 Status Update, AxiomPOS 3.0, AXH 2.0
by
SockPuppetAccount
on 03/08/2015, 22:48:54 UTC
The coin was heavily mined buy a couple of large miner (20kh/s on suprnova) and that wasn't even gpu (got the confirmation by the authors of the gpu miners) and this right from the start so lets call that "your team"  Grin
Then, the reward in less than a week goes to mostly nothing, which means the largest fraction of the coin has already been mined and goes mostly to those 2 large miners and into instamine..
Meaning the difficulty never even had time to stabilize than the coin distribution was mostly already over, so basically your coin is flawed from the start and never even got the chance of any fair distribution amongst miners.
let me highlight the reward Schedule:

BOLD is where the largest fraction of the coin will be mined.
Quote
Proof of Work (POW) Schedule

Blocks 1 - 800 = 500 AXIOM per block
Blocks 801 - 1440 = 200 AXIOM per block
Blocks 1441 - 5040 = 100 AXIOM per block
Blocks 5041 - 9360 = 50 AXIOM per block
Blocks 9361 - 13680 = 25 AXIOM per block
Blocks 13681 - 18000 = 10 AXIOM per block
Blocks 18001 - 156240 = 5 AXIOM per block
Blocks 156241 - 160560 = 10 AXIOM per block
Blocks 160561 - 164880 = 50 AXIOM per block
Blocks 164881 - 169200 = 100 AXIOM per block
Blocks 169201 - 173520 = 50 AXIOM per block
Blocks 173521 - 177840 = 25 AXIOM per block
Blocks 177841 - 182160 = 10 AXIOM per block
Blocks 182161 - 707760 = 5 AXIOM per block

Blocks 707761 - 1233360 = 2.5 AXIOM per block
Blocks 1233361 - 1758960 = 1.25 AXIOM per block
Blocks 1758961 - Forever = 1 AXIOM per block

Proof of Stake (POS) Schedule

Blocks 1 - 800 = 200 AXIOM per block
Blocks 801 - 1440 = 200 AXIOM per block
Blocks 1441 - 5040 = 100 AXIOM per block
Blocks 5041 - 9360 = 75 AXIOM per block
Blocks 9361 - 13680 = 60 AXIOM per block
Blocks 13681 - 18000 = 50 AXIOM per block
Blocks 18001 - 156240 = 5 AXIOM per block
Blocks 156241 - 160560 = 80 AXIOM per block
Blocks 160561 - 164880 = 200 AXIOM per block
Blocks 164881 - 169200 = 110 AXIOM per block
Blocks 169201 - 173520 = 60 AXIOM per block
Blocks 173521 - 177840 = 40 AXIOM per block
Blocks 177841 - 182160 = 20 AXIOM per block
Blocks 182161- 707760 = 5 AXIOM per block

Blocks 707761- 1233360 = 2.5 AXIOM per block
Blocks 1233361 - 1758960 = 1.25 AXIOM per block
Blocks 1758961 - Forever = 1 AXIOM per block
btw there was 150+ cpu early miners on supernova at the start.

You are both ignoring the most important part which I already discussed earlier.  I will repost the most important section.  With the way rewards are structured, POS being active from the beginning, and the difficulty taking far too long to adjust, whatever happened at supernova is completely irrelevant.  With the way the rewards were structured, the developers could have easily locked up a massive chunk of the coins with very little hardware and not even a GPU miner.

Also notice that once block rewards ramp up again, POS still rewards more.  Who is going to get the lions share of the rewards and most likely massively increase their % of the total coins?  POW is a farce on this coin.  Nothing but show.  The long term distribution of coins was established in the first 5 minutes.  It's all geared toward growing the instamine, and therefore, the devs share with POW to serve as an illusion of decentralization and even distribution.

The first 400 blocks were mined in under 2 hours, 200k coins.  First 100 blocks mined in under 5 minutes.  At about 4 hours on the dot after launch around block 535, the initial instamined POW blocks started staking and removing LOTS of POW blocks.

I got in even later and like I said, mined one single 500 coin POW block, thats it.  Consistent 24/7 staking got me up to 1930 coins or so by the time the 5 coin rewards kicked in.  Nearly quadrupled in that short amount of time.  Look at the block explorer and play around with the numbers.  The dev could have EASILY amassed 25% of the total current supply just by instamining from block 1 on a single CPU and staking.