Re: [ANN][HMY] HarmonyCoin|Official Launch|Live On Bittrex|X13|100% POS
that also not right:
Algorithm: X13
4,804,505 Total Coins
http://explorer.harmonycoin.co/ shows only have 5706647 coins
Algorithm: X13
4,804,505 Total Coins
http://explorer.harmonycoin.co/ shows only have 5706647 coins
Hey icess, the block explorer discounts the coins destroyed by Bittrex in the IPO, the total count is generated based in all the actions done during the more than 16000 blocks already generated 
Algorithm: X13
4,804,505 Total Coins
POS & Anon
6% Annual Interest once coin becomes Pure POS
Block Height: 60 Seconds
Confirmations: 6
Block Reward: 400 coins per block
No Pre-Mine
just wake up, found the POW already end. and there is a problem, missing about 2M coins
3M ipo coins + 4M pow coins, now the blockexplorer http://explorer.harmonycoin.co/ shows only have 5706647 coins, also have 2.2M coins destroyed.
so there is only about 3.5M coins.
The pow should have 7 days, now it only 5days. what a hard work dev team?
they even can not do the sample maths to calculate it.
@HarmonyCoin and other dev teams, please explain it.
Algorithm: X13
4,804,505 Total Coins
POS & Anon
6% Annual Interest once coin becomes Pure POS
Block Height: 60 Seconds
Confirmations: 6
Block Reward: 400 coins per block
No Pre-Mine
just wake up, found the POW already end. and there is a problem, missing about 2M coins
3M ipo coins + 4M pow coins, now the blockexplorer http://explorer.harmonycoin.co/ shows only have 5706647 coins, also have 2.2M coins destroyed.
so there is only about 3.5M coins.
The pow should have 7 days, now it only 5days. what a hard work dev team?
they even can not do the sample maths to calculate it.
@HarmonyCoin and other dev teams, please explain it.
We did figure out what happened and it really is good news. So, at block 15800, POW blocks stopped generating; what we did not factor in was that POW/POS hybrid started before that point. This is why POW ended early, and this is why less coins were generated. Basically over the past 2-3 days, there were both POS block and POW blocks, every POS block generated though meant that one POW block could not be generated because we did not factor in those POW blocks to our calculations. So, overall this means that ~5.7mil coins were generated total.
Math breakdown:
3mil IPO - 2.2mil unsold= ~800K coins in circulation
5.7mil total coins - 3mil IPO pre-mine= ~2.7mil coins generated from POW
2.7mil POW + 800K sold in IPO= ~3.5mil total coins.
In the end this means that there are far fewer coins then originally planned. There is now a max coin count of ~3.5mil coins + 6% interest yearly. This is a mistake on our part, but is very good for investors. This should clear up everything!