Re: [ANN][GRA] Grain - New PoW/PoS coin | Fast, secure

I definitely think (mostly because of the Jollyburner's posts) that the dev doesn't want to do a hard fork because the amount of PoW he is doing with his wallet of min 192 mil right now is quite good for him, and he doesn't want to change things.

Did anyone mind to calculate how much the dev get from this damn 193 mln grain a day? Simple math:

193 000 000 * 0.05 / 365 = 26438 grains.

Taking to the account that the average block reward is 726852974.82745504 / 99345 = 7316.45251223 it roughly equals to 4 found blocks. Yes, this estimation is very rough, but what we are speaking about???

Edit: sorry, I forgot about block #1, so the more precise estimation is (726852974.82745504−500000000)/99345 = 2283.486585409, so 12 blocks. But I believe he deserves it for the work he is doing. Would you start your own coin on completely volunteer basis?

AVERAGE block reward? Dude, what the hell are you talking about? One of the amenities of grain is the halving of the blocks on some point. And the first batch of the most tasty blocks with largest reward is being mined right now by the largest wallet (bosian) and not by REAL miners who give hashrate to network, because a coin without a good power in hashes behind it is a bad one.

I only want an explanation - if this is going to be fixed, when will it be performed. Yet the highest reward blocks are being mined vigorously while the dog barks.

Does the dev deserve these coins, as it was asked above? Definitely yes.
Did he make this coin for himself? Partially yes, but in general NO - it was made for people. It means that even earning 25000 GRA roughly on a wallet while a common miner needs to spend 8 MHs on the same amount, when the overall real network hashrate is about 40 MHs - is this presumed to be normal? Hell no, it is not.

And I don't like the whole story of Jollyburner and Bosian, and the way the last one has been ignoring direct questions about PoS influencing PoW until this topic could no more be ignored.

yes. It halves. In the future. It is not halved yet. The 2/3 of the premine is already given out in bounties and giveavays. I bet that the rest will melt down as quick as the first 2/3. Don't tell me about the real miners. I am a real miner myself. I know quite well how this is used to happen here before. And I am ok with this particular premine.

As for the "fix" it had been explained numerous times above. It will get to the balance soon according to the algo.
If you assume that the overall network hashrate is about 40Mh then my tiny 5.6Mh is the 1/8 of the total hashrate supporting the network? Are you joking?

@bosian. Please start the daily giveaway for 25k grains.

Nope, I am not joking unfortunately. Just look at the amount of people that were on pools up to the moment when the difficulty jumped up and compare them to the amount mining right now. Forkpool has 30 MHs. The second one has a lot less. Do you suppose all those guys act like "Hey, looks like the net hashrate went 30x times up, TIME TO GO SOLO MINING!" Or where have they gone then?

When PoS was switched off, the net hashrate was 40-100 Mhs depending on solo miners. And right now you ask if your tiny 5.6 are 1/8th of the network, when the coin became more than 12x times roughly more difficult to mine? Yes. Your 5.6 MHs can quite possibly be 1/8th of the network.

Concerning your numbers and calculations - do you understand that they are calculated like a common temperature in a hospital? Yes, the reward is halved. Yes, it is not halved yet. And your calculations have got a huge hole - you're taking a rough middle (as far as I understood, yet I cannot figure out where these numbers are from), while we're mining THE MOST PROFITABLE batch of blocks.

Concerning the stabilization - it was not told WHEN PoW stabilizes. As soon as Bosian is a dev, I think it is not that difficult for him to estimate hours/days/weeks up to that moment.

Sorry for my English, it is not that good for forum wars.