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Re: [ANN] CannabisCoin [CANN][X11][Official][420] Developments & Discussions.
August 05, 2014, 07:38:58 PM
Reply with quote #371
Quote from: jmsr1978 on August 05, 2014, 07:04:43 PM
Quote from: BlockaFett on August 05, 2014, 06:49:25 PM
Quote from: popioleq on August 05, 2014, 06:38:11 PM
easy to count: (100 000 bloks x 420) + (20 502 x 210) = 42 000 000 + 4 305 420 = 46 305 420 Grin
you are right...so why does the block explorer show 68 million CANN? http://chainz.cryptoid.info/cann/
hmmmmm... what is happening? Dev please, can u explain this? I hope is a mistake
Edit: normally would be 46 312 140 right?
No problem guys and thanks, CannabisCoin released on 4/20/14 as SCRYPT Alg. It was mined about 21.8mil up until we decided to drop SCRYPT and go X11 Alg with KGW. We did a hard fork and premined 1st block on X11 to do the buyback program of mined coins from old to new X11 algo, This was all paid to the miners manually as agreed. Noone wanted to lose their coins.
Scrypt version STOPPED @ 52080
Total coins = 21873600 mined
approx. 21882000 - was paid out.
~DeltaNine
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Cannabis Coin Team - Community run, NOT Company run!
The Coin that's 100% Backed by Marijuana Cannabis!
http://CannabisCoin.net Trade symbol [CANN] - YES WE CANN!
We're looking for a legitimate source such as the block chain information behind the coin that validates the mined coins were indeed transferred to their rightful owner.
As I see it, the block chain for this transaction was "word of mouth" from the dev team, this is not recorded and not public
and am sorry I can accept that in the crypto relm. Like I mentioned, still awaiting a reply from the dev regarding the 12.5+ million in unclaimed wallets from the pre-mine.
I'd like to note; the team and myself are willing to look into the old scypt block chain from close to or at the end of the hard fork of script algo.
We will do this to validate the coins were infact mined and transferred appropriately and sew up the missing patches from one blockchain to the other.. If anyone has this information it would be greatly appreciated.