Hi,
I was wondering, when the next Namecoin halving happens. I found no corresponding clock, so I wrote a simple bash script for computing the date (see below). Is the middle or end of October correct?
Moreover, I was also wondering, why Namecoin shows such a low price (especially compared to newer coins)? In the bubble of 2017, Litecoin for instance, reached new ATHs. Reasons why I think that Namecoin is undervalued:
- Namecoin is even a little bit older than Litecoin;
- Namecoin has only a supply of 21m coins;
- Namecoin is as secure as Bitcoin;
- The next halving is in around six month;
- With a little bit of time and money, it seems not hard to purchase over 10k NMC;
- And last but not least, in contrast to many newer and higher priced coins, Namecoin HAS an instrinsic value as decentral domain name system.
So why is Namecoin forgotten by the community? What is your opinion?
My opinion: Imho should 1 NMC cost at least as much as 1 LTC. Thus, Namecoin can increase in value by the factor of 50. But even a factor of 10 would be fair.
The following script works also for other coins:
#!/bin/bash
# bc-binary
bc_exec=bc;
current_block=$1;
halving_block=$2;
blockinterval=$3;
remaining_blocks=$(echo "obase=10;ibase=10;scale=10;$halving_block-$current_block" | $bc_exec);
duration=$(echo "obase=10;ibase=10;scale=10;$remaining_blocks*$blockinterval*60" | $bc_exec);
current_epoch=$(date +%s);
halving_epoch=$(echo "obase=10;ibase=10;scale=10;$current_epoch+$duration" | $bc_exec);
halving_date=$(date -d @$halving_epoch);
echo "current block : $current_block";
echo "remaining blocks: $remaining_blocks";
echo "halving date : $halving_date";
Save the script as halving.sh. The bc binary should be installed on your system, which is included in the most Linux-systems by default. Change the permissions of the script:
chmod 700 halving.sh
Compute the date:
./halving.sh 390391 420000 10
current block : 390391
remaining blocks: 29609
halving date : Sun Oct 14 00:09:04 CEST 2018
