Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] FuelCoin - Charity Project
by
Mortimer452
on 21/07/2014, 05:06:20 UTC
Quote from: infernoman on July 21, 2014, 04:12:56 AM
Quote from: crackfoo on July 21, 2014, 03:43:28 AM
Quote from: infernoman on July 21, 2014, 03:39:21 AM
Quote from: crackfoo on July 21, 2014, 03:38:01 AM
Quote from: FuelCoinTeam on July 21, 2014, 01:08:35 AM
Hardfork coming on block 227,000 approx. 1am EST this Friday! Please update to new client before then:
http://www.mediafire.com/download/c3fifaooq3ctvin/FUEL.zip

Can you update the github with the new code?

Thanks!

https://t.co/IPZM0NhjyI
there is the new github link Smiley

Any details on the fork?

Block reward goes down to 100 coins block time to 60 seconds and re target time of 3 hours instead of 1000 coins, 30 seconds, 4 hours

Holy crap those are huge changes - you are reducing the number of coins mined per day to 1/20th of what it is now.

What is the reasoning for this?  I have seen many coins in the past attempt drastic reductions in mining rewards such as this, in the hope it will cause the price to go up.  Seems like a logical approach - reduce supply, increase scarcity - but it usually doesn't work.