Superior Coin upgrades it's blockchain for new ASIC resistance, and dynamic block rewards April 10th 2018.

in #kryptonia6 years ago


Superior Coin upgrades it's blockchain for new ASIC resistance, and dynamic block rewards April 10th 2018.

One of the main objectives of the Superior Coin and Kryptonia community has been access for the average person. That means we need to have miners big and small from around the world. Once ASIC miners begin claiming most of the coins via mining a concentration of the coins happen, and the average person get's left behind.

The new hardfork will bring with it both protection and resistance from ASIC miners, but also dynamic block rewards. Meaning small miners will be encouraged to keep mining via CPU and GPU with the possibilities of greater rewards going to the miners to run on a consistent basis. The technical details will be released soon, and this concept is unique, and not something others within the cryptocurrency seem to be doing or implementing as of yet. 

Users who store their coins via Kryptonia don't need to do anything, and it's business as usual for them right now. Miners will need to upgrade their software, and there will be more information to come. The telegram channel get's allot of development traffic and announcements happen there often.

Click here to join the channel --> https://t.me/SuperiorCoin

So if your not currently an owner of Superior Coin this is a good time to come on board before more attention about the fork happens. You can purchase easily from BTC Alpha --> https://btc-alpha.com/exchange/SUP_BTC/

Also some people don't have the Bitcoin to purchase new coins and that's fine too. You can earn them by completed simple tasks via Kryptonia here --> Joining is free so click here 

 #Kryptonia #Money #Steemit #SuperiorCoin #Upvote

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Thank you for this article @exploretraveler. Now, I had to go and do a little research to better understand what exactly ASIC was and I got this from @Wikipedia, "An application-specific integrated circuit (ASIC) /ˈeɪsɪk/, is an integrated circuit (IC) customized for a particular use, rather than intended for general-purpose use. For example, a chip designed to run in a digital voice recorder or a high-efficiency Bitcoin miner is an ASIC. Application-specific standard products (ASSPs) are intermediate between ASICs and industry standard integrated circuits like the 7400 series or the 4000 series.
As feature sizes have shrunk and design tools improved over the years, the maximum complexity (and hence functionality) possible in an ASIC has grown from 5,000 logic gates to over 100 million. Modern ASICs often include entire microprocessors, memory blocks including ROM, RAM, EEPROM, flash memory and other large building blocks. Such an ASIC is often termed a SoC (system-on-chip). Designers of digital ASICs often use a hardware description language (HDL), such as Verilog or VHDL, to describe the functionality of ASICs.
Field-programmable gate arrays (FPGA) are the modern-day technology for building a breadboard or prototype from standard parts; programmable logic blocks and programmable interconnects allow the same FPGA to be used in many different applications. For smaller designs or lower production volumes, FPGAs may be more cost effective than an ASIC design, even in production. The non-recurring engineering (NRE) cost of an ASIC can run into the millions of dollars."

In the article you said, "The new hardfork will bring with it both protection and resistance from ASIC miners, but also dynamic block rewards." That made me have to try and figure out what exactly is "dynamic block rewards" and this is what I found from http://dynamiccoin.com/overview.html, which "Dynamic Coin" is another coin so I am not sure if this works how the term was used?

Block Rewards
• Dynamic Block Reward Ensures Price Stability
• Dynamic Block Reward ensures no inflation / deflation
• Dynamic Block reward ensures unlimited market growth
• Block reward adjusts in real time based on price

So, I also found this, " Code details and the actual implementation of the dynamic block size algorithm can be found here. Lastly, there is a small disrepancy between the CryptoNote whitepaper and the actual implementation in Monero. That is, according to the CryptoNote whitepaper the penalty kicks in if blocks are 110% of the median block size, see:
This rule is applied only when BlockSize is greater than minimal free block size which should be close to max(10kb, MN ·110%).
However, in the actual implementation the penalty kicks in when blocks go over the median block size. Thus, for example, a block that is 101% of the median block size would already incur a penalty. Miners will likely increase the blocksize if the the transaction fees are greater than the penalty. In addition, according to the CryptoNote whitepaper, "fees are unlikely to grow quadratically unlike the penalty value so there will be an equilibrium."

Well, I am still not sure but it sounds like the next fork of Superior Coin will be happening on April 10th, 2018 and it is going to be good for the average cell phone/home computer miners. All the technical information about the fork will be coming soon.
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@fhstralow

How dynamic reward works

Base_Reward = Aprox 520 at the moment.

New calculation is (CurrentBlockTimeStamp-LastBlockTimeStamp)*Base_Reward/120

So for Example (240-120)*520/120 = 520 Coins

If it takes longer than 120 seconds it would be

(2000-120)*520/120 = 1480 Coins

If it takes less time than 120 seconds it would be

(140-120)*520/120 = 86.66 Coins

Yes @fhstralow there is allot more technical info, and we talk about this often within our telegram chat channel. Feel free to ask us detailed questions here https://t.me/SuperiorCoin

It has always been our aim as a community to help smaller miners gain more crypto and to allow users of mobile devices to be able to mine some as well. We think with this new fork the playing field for the average person around the world will allow for wider distribution of the coin. Thank you again for such a good comment.

Into this now!
Outstanding opportunity ...giant in the works
Thx for the post!

Your welcome and with strong growth this will only get better. The DEV Team really cares and will try to keep the average person earning from mining SUP not just ASIC miners.

Wow the next big thing..
Kryptonia id is reyneilsay

Very cool, one of the few crypto's actually being used for something.

We use it lately to bring more activity to our website, and it works good.

Nice one keep it up. Kryptonia id @chetachi26

Would you mind following me back? https://steemit.com/@a-0-0

This really would be great
@coderzairos

This is a very great opportunity for me. Thank you kryptonia for sharing this blessing. Read, commented, upvoted and resteemed by rubelynmacion of krypto

What exciting news for Superior Coin....

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