Quote from: wisscot on May 14, 2013, 09:17:44 PM

Quote from: mat5x on May 14, 2013, 08:20:24 PM

Quote from: baka on May 14, 2013, 08:07:03 PM

Quote from: BitJohn on May 14, 2013, 07:51:57 PM

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.

Anyone notice that the nSubsidy will NOT be halved after each 194400 blocks as claimed in the first page, according to the equation
int64 nSubsidy = ((1 + (diff / 24)) * COIN) / (1 + (nHeight / 194400));
?
nSubsidy will decrease linearly along time, NOT exponentially as claimed. So it will have huge inflation later on if Moore did the right math. Is that it?
If this coin is the one. We should mine it later not now right?
Correct me if I am wrong.

I can't correct you and i have no idea what's in COIN or how nheight is set.

Quote from: mat5x on May 14, 2013, 09:23:47 PM

Quote from: coinerd on May 14, 2013, 08:33:38 PM

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.

yes, you are right. if a scrypt coin got to 10M diff, then it'd be some kinda insanitypiecoin. i think the entire world economy would
be running on it (if we assume the size of a market is related to the hashing power) - btc is $1.2Bil markcap, so we're talking 1000x scrypt:SHA256, so a $1.2Tril market.

maybe ELC rewards should be worth something then, i have no idea. (it might not be deflationary! careful!)

I'm not so sure about how hash power might relate to market cap in that sort of economy.

With a coin like this, if it's linear then once we see over 24 diff it should change pretty rapidly with up/down swings in difficulty, right? Definitely elastic.