Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Q2C] QubitCoin new secure hashing (CPU/GPU) (NEW) Update 0.8.4.1
by
AfrikaMan
on 28/03/2014, 11:03:11 UTC
248 million Q2C of which mined over 90%

Sorry to say but you are wrong. 500 million Q2C is correct.

Number of coins Already changed to 500 mil... dev (Kresu) did it (you can check it by your self visiting https://github.com/qubitcoin/QubitCoin/blob/master/src/main.h and then searching  for MAX_MONEY = 500000000 * COIN - its there on line 51 (maybe dev forgot to tell you all that; or maybe it was a last thank you gift for you all).


Changing MAX_MONEY DOES NOT increase the total money supply.

Money supply is determined by function GetBlockValue in main.cpp

Quote
// Subsidy is cut in half every 60480 blocks (21 days)
    nSubsidy >>= (nHeight / 60480);

    // Minimum subsidy
    if (nSubsidy < nBlockRewardMinimumCoin)
    {
        nSubsidy = nBlockRewardMinimumCoin;
    }

So this is 60480 * 2048 * 2 = 247 million coins.

Wrong:

2048 * 60480 123 863 040 in 21 days
1024 * 60480  61 931 520 in 21 days
 512 * 60480  30 965 760 in 21 days
 256 * 60480  15 482 880 in 21 days
 128 * 60480   7 741 440 in 21 days
  64 * 60480   3 870 720 in 21 days
  32 * 60480   1 935 360 in 21 days
  16 * 60480     967 680 in 21 days
   8 * 60480     483 840 in 21 days
   4 * 60480     241 920 in 21 days
   2 * 60480     120 960 in 21 days
             247 605 120 after 231 days
and
(original) ending with:
   1 Q2C block for about 831 days
or
(new) ending with:
   1 Q2C block for about 5000 days


Sorry, I forgot to say about 247 million.
Plus a small bit about 14 million in inflation in 5000 days.

Pedantic much?

The point is, it is not 500 million.