Re: [ANN][Q2C] QubitCoin new secure hashing (CPU/GPU) (NEW) Update 0.8.4.1

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.

The point is... it is 500 million. That's MAX_MONEY const idea... It will keep giving a 1 Q2C blockreward for loooong time... but that may be good in the end... because coin has more incentive to have someone mining for new block... do you know that if no block mined no transactions are processed at all? Its a block generation that validates previous block (of course block can have value 0... but would someone mine for small value of fees?)