Post
Topic
Board Announcements (Altcoins)
Re: [ANN][GRA] Grain - New PoW/PoS coin | Fast, secure | Version 1.3 Released!
by
bee7
on 14/01/2014, 13:04:10 UTC
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.
May be you are right, but I still doubt in that.

Quote
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.

The math is simple. The number of coins generated through all blocks to the moment minus the amount in the very first block divided by the number of blocks to the moment. Yes, this approximation takes to account all the PoS blocks mined to the moment. The reward for PoS blocks is much smaller than that for PoW blocks and I noted that the estimation is very rough, but it is something we may consider as an average block reward atm.

Quote
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.
yes, here I would agree. However, it is quite difficult to simulate this process provided bosian most likely has no spare hash-power equivalent to the network's one. As the situation is not static (miners are coming/leaving network outage/e.t.c) any calculations in that respect may show incorrect results.

Quote
Sorry for my English, it is not that good for forum wars.
Nothing to sorry. I am not the native English speaker as well.