How many coins does it take to register a domain name?
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- Posts: 67
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How many coins does it take to register a domain name?
How many coins does it take to register a domain name?
Re: How many coins does it take to register a domain name?
I've just registered a domain some hours ago, and it cost me 44 NC.
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
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GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
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- Posts: 67
- Joined: Tue May 10, 2011 12:49 am
- os: linux
- Location: Behind 50 Proxies
Re: How many coins does it take to register a domain name?
44NC..? That seems like an odd price. How did the client come up with that price?
How can I tell how much a domain registration costs by simply using the client? Or do I just have to try and register one?
How can I tell how much a domain registration costs by simply using the client? Or do I just have to try and register one?
Re: How many coins does it take to register a domain name?
It has started at 50 NC and price is decreasing while block number increases.
Formula is a bit complex for me (bit shifting is no more for me :p) :
nHeight = block number
nRes = price of a domain * 100000000
nStart = 50 * 100000000
nRes = nStart >> (nHeight >> 13);
nRes -= (nRes >> 14) * (nHeight % 8192);
Simplified :
50 - (50 * 100000000 / 2 ^ 14) * 2227 / 100000000 = 43.2
Full :
nRes = 50 * 100000000 / 2 ^ floor(2227 / 2 ^ 13)
50 - (nRes / 2 ^ 14) * 2227 / 100000000 = 43.2 NC
Formula is a bit complex for me (bit shifting is no more for me :p) :
nHeight = block number
nRes = price of a domain * 100000000
nStart = 50 * 100000000
nRes = nStart >> (nHeight >> 13);
nRes -= (nRes >> 14) * (nHeight % 8192);
Simplified :
50 - (50 * 100000000 / 2 ^ 14) * 2227 / 100000000 = 43.2
Full :
nRes = 50 * 100000000 / 2 ^ floor(2227 / 2 ^ 13)
50 - (nRes / 2 ^ 14) * 2227 / 100000000 = 43.2 NC
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
Re: How many coins does it take to register a domain name?
Here is a calculator : http://dot-bit.org/tools/domainCost.php
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
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- Posts: 67
- Joined: Tue May 10, 2011 12:49 am
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Re: How many coins does it take to register a domain name?
Nice, thank you!
So after block 100,000 .bit domains will only cost 0.1 namecoins?
Shouldn't it be priced according to the difficulty?
What if the difficulty is still 290 at block 100,000 (I know, that would mean namecoin would have failed... but I still think it should be proportional)
So after block 100,000 .bit domains will only cost 0.1 namecoins?
Shouldn't it be priced according to the difficulty?
What if the difficulty is still 290 at block 100,000 (I know, that would mean namecoin would have failed... but I still think it should be proportional)
Re: How many coins does it take to register a domain name?
If i didn't make a mistake : yes :pgigabytecoin wrote:So after block 100,000 .bit domains will only cost 0.1 namecoins?
Namecoins will be traded with bitcoins, dollars and euros. If the difficulty is low, prices, in other currencies, will be high.gigabytecoin wrote:Shouldn't it be priced according to the difficulty?
What if the difficulty is still 290 at block 100,000 (I know, that would mean namecoin would have failed... but I still think it should be proportional)
But, how to start a business if you know in advance that in 2 years i'll cost you nearly nothing to register a domain... ?
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
Re: How many coins does it take to register a domain name?
How does this make sense? If difficulty is low, then the price of NC in other currencies will also be low because they will be easy to mine. Easy to mine means low prices otherwise no one would buy them.khal wrote:Namecoins will be traded with bitcoins, dollars and euros. If the difficulty is low, prices, in other currencies, will be high.
Re: How many coins does it take to register a domain name?
He must mean then that the nominal value will be a big number of nmc ... e.g. 1 euro will but 8,000 NMC wouldn't he? ... price low.Anth0n wrote:How does this make sense? If difficulty is low, then the price of NC in other currencies will also be low because they will be easy to mine. Easy to mine means low prices otherwise no one would buy them.khal wrote:Namecoins will be traded with bitcoins, dollars and euros. If the difficulty is low, prices, in other currencies, will be high.
Myself I'm expecting 1 euro = 10 NMC eventually if the NMC network remains intact and get GUI for trading, etc ... your are right depends on NMC difficulty.