Re: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine
Update of ELACOIN reward?
the main attraction and idea behind this coin is a proportional block reward to diff, but it's chunked off at 24 difficulty. we may or may not make it to that point.
to make it more attractive, i suggest we move up to unitary reward with difficulty. 1 diff = 1 coin (now). 2 diff = 2 coins. (rounded down).
we'd have to AGAIN repost code for this, and coordinate a blockchain fork.
i suggest we take advantage of FRC's difficulty recalculator too at the same time, if we're going to rely on diff so much. detailed here: https://bitcointalk.org/index.php?topic=202250.0
any thoughts? any veterans want to help manage migration to a new blockchain?
(who's running elacoinpool.com btw, we have the other pool admins onside with this).
this suggestion would cause absolutely nothing to occur til difficulty 2 (or 3? if we dont get this done in time for 2, not sure when the next retarg is timewise at these fluxing hashrates). everything would be exactly as it is now til difficulty 2 is hit, then it's 2 coins per block, a fair reward as is the premise of this coin (we'd still keep the 194,400 block halving scaling, unless there's a reason to change that (we've already been feeling the linear effects of it, would be fair to retain it as is) and i like the smooth scaling function vs a sudden halving. not sure the benefit of a sudden halving drop).
comments?
the main attraction and idea behind this coin is a proportional block reward to diff, but it's chunked off at 24 difficulty. we may or may not make it to that point.
to make it more attractive, i suggest we move up to unitary reward with difficulty. 1 diff = 1 coin (now). 2 diff = 2 coins. (rounded down).
we'd have to AGAIN repost code for this, and coordinate a blockchain fork.
i suggest we take advantage of FRC's difficulty recalculator too at the same time, if we're going to rely on diff so much. detailed here: https://bitcointalk.org/index.php?topic=202250.0
any thoughts? any veterans want to help manage migration to a new blockchain?
(who's running elacoinpool.com btw, we have the other pool admins onside with this).
this suggestion would cause absolutely nothing to occur til difficulty 2 (or 3? if we dont get this done in time for 2, not sure when the next retarg is timewise at these fluxing hashrates). everything would be exactly as it is now til difficulty 2 is hit, then it's 2 coins per block, a fair reward as is the premise of this coin (we'd still keep the 194,400 block halving scaling, unless there's a reason to change that (we've already been feeling the linear effects of it, would be fair to retain it as is) and i like the smooth scaling function vs a sudden halving. not sure the benefit of a sudden halving drop).
comments?
Milkshake, where are you?
