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Topic
Board Announcements (Altcoins)
Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
by
coinerd
on 14/05/2013, 20:33:38 UTC
yeah I heard it goes to 2 coins at 24 diff

Oh yeah this is gonna play out brilliantly. I don't see people wasting that much money on power to get this failcoin to a whopping 2x reward.

    int64 nSubsidy = ((1 + (diff / 24)) * COIN) / (1 + (nHeight / 194400));

from 0 to 24 diff its 1 coin, then 2 at 24. from then on however, its a linear scaling. at 48 its 3 and so on.

so til diff 24, starting at a low diff of 0.002 whateveritwas yes, it looks like an exponential drop in reward.

after 24 it's linear.

48 = 3, 72 = 4, 96 = 5, etc. (the +1 skews it a bit, but that will be less and less of a factor as time goes on).

CNC is already diff 41, ELA @this reward would be 2.
FTC 181, would be 8
LTC 605, would be 26

considering that it started at value of 1 per block, lets pretend it was like BTC and had 50 and redo the calcs above so you arent fooled by the 1:50 ratios (ie ELC is a high value coin, which people cant wrap their heads around, and i guarantee itll trade along side BBQ for a while. time for you to make some profit kids!)

@41, w/50 block equiv reward this would be 100 coins
@181, 200.
@605, 1300.

course i havent done the math to see how difficulty could get that high without tripping the block halving along the way (maybe a couple times), but you get the idea.

hopefully it will trade like its 20, 25 or 50 coins/block. the market should adjust it's valuation just fine, only thing is coin has to survive.

someone feel to setup a googdoc sheet to show the actual payout with halving epochs.

this is all basic math.

so no one mine it at all so it never hits 24 or it will suddenly look attractive! quick, stop mining!


Wait so ~10m diff (bitcoin) = ~416667ELC block reward ( = 25 bitcoin block reward)?

OMG does it make fireworks on the monitor when you find a block, too?

I guess it remains to be seen how the halving will affect it, along the way.

This coin could have an interesting life. If it can hang on.