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MalReynolds



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LegendaryActivity: 938Merit: 1000 Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform March 20, 2016, 06:19:15 PM #4402 Quote from: Reavon on March 20, 2016, 04:14:42 PM Quote from: moonfrog on March 20, 2016, 04:09:15 PM It is pity that there is no mining. Many people don't like PoS coins. LISK looks like NEM, NXT, Bitshares, Qora and etc with its flaws.

I hope with that big ICO money LISK team can successfully defend own baby from oblivion. Good luck!



Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?

Our Spreadsheet master maybe would be very nice.

Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?Our Spreadsheet master maybewould be very nice.

I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...



Lisk blocktime is every 10 seconds



Your turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 seconds



There's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hour



There's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a day



There's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a month



There's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a year



Year One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.



Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.





Quote from: Amph on March 20, 2016, 04:37:51 PM it's not the same standard mining is actually fine, if they can add it later by a fork or whatever if possible, it would be great, this must be done with a gpu algo, asic resistant



Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs a competitive system to generate trillions of useless hashes to look for a winning lottery ticket when you've already got a perfect cooperative system that only needs one hash per block?

I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...Lisk blocktime is every 10 secondsYour turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 secondsThere's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hourThere's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a dayThere's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a monthThere's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a yearYear One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs ato generate trillions of useless hashes to look for a winning lottery ticket when you've already got a perfectthat only needs one hash per block?

LiskHQ



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Decentralized Application Platform







Hero MemberActivity: 546Merit: 509Decentralized Application Platform Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform March 20, 2016, 06:23:54 PM #4403 ICO UPDATE



We are under heavy load on our ICO website. Therefore, we needed to reduce the scan speed. So it takes longer to get an exchange confirmed!



If your transaction (tx) isn't shown as confirmed on our ICO website, but it is correctly confirmed on the Bitcoin network. Then we will accept it for 100%. The blockchain is the proof of your tx and it will be honoured! We will do several complete re-scans at the end of the ICO and confirm every tx by hand several times! You can rest assured that we will check every exchange with great care! Lisk.io - Blockchain Application Platform

lordoliver



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expect(brain).toHaveBeenUsed()







LegendaryActivity: 1666Merit: 1019expect(brain).toHaveBeenUsed() Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform March 20, 2016, 06:24:13 PM #4404 Quote from: MalReynolds on March 20, 2016, 06:19:15 PM Quote from: Reavon on March 20, 2016, 04:14:42 PM Quote from: moonfrog on March 20, 2016, 04:09:15 PM It is pity that there is no mining. Many people don't like PoS coins. LISK looks like NEM, NXT, Bitshares, Qora and etc with its flaws.

I hope with that big ICO money LISK team can successfully defend own baby from oblivion. Good luck!



Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?

Our Spreadsheet master maybe would be very nice.

Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?Our Spreadsheet master maybewould be very nice.

I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...



Lisk blocktime is every 10 seconds



Your turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 seconds



There's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hour



There's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a day



There's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a month



There's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a year



Year One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.



Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.





Quote from: Amph on March 20, 2016, 04:37:51 PM it's not the same standard mining is actually fine, if they can add it later by a fork or whatever if possible, it would be great, this must be done with a gpu algo, asic resistant



Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs to generate trillions of useless hashes to look for a winning lottery ticket when you've got a perfect system that only needs one hash per block?



I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...Lisk blocktime is every 10 secondsYour turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 secondsThere's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hourThere's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a dayThere's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a monthThere's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a yearYear One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs to generate trillions of useless hashes to look for a winning lottery ticket when you've got a perfect system that only needs one hash per block?

This concept will hurt lisk like bitshares... staking (or similar) is helping, because it supports the network. Many people are participating.

But this delegate thing is cheesy. The poorer ones are getting poorer and can't do anything against it... This concept will hurt lisk like bitshares... staking (or similar) is helping, because it supports the network. Many people are participating.But this delegate thing is cheesy. The poorer ones are getting poorer and can't do anything against it...

AleScamHole



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Don't you looooooove how offensive my name sounds?







Sr. MemberActivity: 504Merit: 250Don't you looooooove how offensive my name sounds? Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform March 20, 2016, 06:31:03 PM #4405 Quote from: lordoliver on March 20, 2016, 06:24:13 PM Quote from: MalReynolds on March 20, 2016, 06:19:15 PM Quote from: Reavon on March 20, 2016, 04:14:42 PM Quote from: moonfrog on March 20, 2016, 04:09:15 PM It is pity that there is no mining. Many people don't like PoS coins. LISK looks like NEM, NXT, Bitshares, Qora and etc with its flaws.

I hope with that big ICO money LISK team can successfully defend own baby from oblivion. Good luck!



Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?

Our Spreadsheet master maybe would be very nice.

Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?Our Spreadsheet master maybewould be very nice.

I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...



Lisk blocktime is every 10 seconds



Your turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 seconds



There's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hour



There's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a day



There's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a month



There's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a year



Year One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.



Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.





Quote from: Amph on March 20, 2016, 04:37:51 PM it's not the same standard mining is actually fine, if they can add it later by a fork or whatever if possible, it would be great, this must be done with a gpu algo, asic resistant



Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs to generate trillions of useless hashes to look for a winning lottery ticket when you've got a perfect system that only needs one hash per block?



I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...Lisk blocktime is every 10 secondsYour turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 secondsThere's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hourThere's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a dayThere's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a monthThere's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a yearYear One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs to generate trillions of useless hashes to look for a winning lottery ticket when you've got a perfect system that only needs one hash per block?

This concept will hurt lisk like bitshares...

This concept will hurt lisk like bitshares...

except one difference. supply

check supply of bitshares and you will see why it went that way,, 2+BILLION coins?

big dif from the amount lisk will have available

it wont go as high as ether due to supply, but it wont be as bad as bts IMO

we will c except one difference. supplycheck supply of bitshares and you will see why it went that way,, 2+BILLION coins?big dif from the amount lisk will have availableit wont go as high as ether due to supply, but it wont be as bad as bts IMOwe will c

redcastle



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Full MemberActivity: 168Merit: 100 Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform March 20, 2016, 06:31:09 PM #4406 Quote from: LiskHQ on March 20, 2016, 06:23:54 PM ICO UPDATE



We are under heavy load on our ICO website. Therefore, we needed to reduce the scan speed. So it takes longer to get an exchange confirmed!



If your transaction (tx) isn't shown as confirmed on our ICO website, but it is correctly confirmed on the Bitcoin network. Then we will accept it for 100%. The blockchain is the proof of your tx and it will be honoured! We will do several complete re-scans at the end of the ICO and confirm every tx by hand several times! You can rest assured that we will check every exchange with great care!



Thanks for the update! I invested some more now I don't want to wait last minute Thanks for the update! I invested some more now I don't want to wait last minute

Splatters



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★YoBit.Net★ 1400+ Coins Exchange







LegendaryActivity: 1232Merit: 1000★YoBit.Net★ 1400+ Coins Exchange Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform March 20, 2016, 06:32:09 PM #4407 Quote from: lordoliver on March 20, 2016, 06:24:13 PM Quote from: MalReynolds on March 20, 2016, 06:19:15 PM Quote from: Reavon on March 20, 2016, 04:14:42 PM Quote from: moonfrog on March 20, 2016, 04:09:15 PM It is pity that there is no mining. Many people don't like PoS coins. LISK looks like NEM, NXT, Bitshares, Qora and etc with its flaws.

I hope with that big ICO money LISK team can successfully defend own baby from oblivion. Good luck!



Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?

Our Spreadsheet master maybe would be very nice.

Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?Our Spreadsheet master maybewould be very nice.

I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...



Lisk blocktime is every 10 seconds



Your turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 seconds



There's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hour



There's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a day



There's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a month



There's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a year



Year One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.



Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.





Quote from: Amph on March 20, 2016, 04:37:51 PM it's not the same standard mining is actually fine, if they can add it later by a fork or whatever if possible, it would be great, this must be done with a gpu algo, asic resistant



Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs to generate trillions of useless hashes to look for a winning lottery ticket when you've got a perfect system that only needs one hash per block?



I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...Lisk blocktime is every 10 secondsYour turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 secondsThere's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hourThere's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a dayThere's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a monthThere's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a yearYear One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs to generate trillions of useless hashes to look for a winning lottery ticket when you've got a perfect system that only needs one hash per block?

This concept will hurt lisk like bitshares... staking (or similar) is helping, because it supports the network. Many people are participating.

But this delegate thing is cheesy. The poorer ones are getting poorer and can't do anything against it...

This concept will hurt lisk like bitshares... staking (or similar) is helping, because it supports the network. Many people are participating.But this delegate thing is cheesy. The poorer ones are getting poorer and can't do anything against it... just as much as you fud is doing I know why your pray will never be answered!

MalReynolds



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LegendaryActivity: 938Merit: 1000 Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform March 20, 2016, 06:38:48 PM #4414 Quote from: TraderBill on March 20, 2016, 06:37:07 PM Quote from: MalReynolds on March 20, 2016, 06:19:15 PM

Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.





Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of them



That staking revenue should be enough to cover all of their personal expenses.



Am I correct in thinking the staking revenue will be the salary for Max and Oliver?



Surely they will not be taking salary from investor BTC for their personal expenses?

Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of themThat staking revenue should be enough to cover all of their personal expenses.Am I correct in thinking the staking revenue will be the salary for Max and Oliver?Surely they will not be taking salary from investor BTC for their personal expenses?

Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works. Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works.