Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active
Does any anyone have an estimate of when we will reach 1M DMDs ?
check blockexplorer http://diamond.danbo.bg:2750/chain/Diamond do the mathematics
its a simple fill some points of the past and create a curve that predict the future
i suggest u gather 20 block points like 10000 blocks between them
and trace the avaiable amount of DMD at this points
and then extrapolate that curve into a possible future
and then tell us results so we save our time
Now, link works.
So here is a rough calculation, based on the time necessary to issue the last 2015 block from block 725'208 to block 723'192 (this is the most accurate data I was given
)According to my calculations, it took 33h 7min 28s to issue those 2015 blocks. So,
33h 7min 28s / 2015 = 33.125 h / 2015 = 0.01643920 h per block.
Therefore, since there are 274'792 blocks between the 725'208th block and the 1'000'000th block, it will take:
0.01643920*274'792 = 4517.3606 h
0.3606 h equals 21.636 min, 0.636 min equals 38s
So it will take 4517 h 21 min 38s from 3rd January 15:43:15 to get to the 1'000'000th block if the rate of issuance stays the same as for the last 2015 blocks. That is of course an approximation, because we only look at the last 2015 blocks, but according to my calculations, we would reach the 1'000'000th block (1'000'000th DMD) around :
3rd January 2015 15:43:15 + 189d 10h 7min = 13th July 2015 1:50:0
Of course, this calculation is pretty inaccurate (only 2015 blocks) but I am sure someone else will have access to more data
And in anyway, we are likely to reach the 1'000'000th DMD faster since more Gh are being added to the mining power each day, no ?
P.S.: I am doing my math homework, and seriously, this calculation is a lot more fun
Now I know 1 million coins is a major check point as pow rewards will be lowered by 90%, supply goes way down, but I just wanted to hear what you guys thought on how this will affect dmd?
Vegas