Quote from: Giany82 on February 11, 2015, 12:24:15 PM

Quote from: eduffield on January 18, 2014, 09:16:49 PM

Quote from: kaene on January 18, 2014, 09:02:35 PM

Quote from: eduffield on January 18, 2014, 05:50:23 PM

- 5 minute block target
- 6 Confirms per transaction
- Difficulty re-targets every 60 minutes
- Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))
- 11 chained hashing algorithms
- Premine: 0%

Since the reward is variable and depends on the difficulty, is there a maximum amount of coins to be mined? A maximum amount of blocks?

Yes, the max coin amount is 84,000,000

its 22 M or 84 M ?? why in first post say 22 M max coins ?

The number of coins minted is based on difficultly. We could reach 84 million in theory, but only if difficultly fell off a cliff (not going to happen). The higher the difficultly the fewer number of coins per block (down to a limit which is currently 4.65). Thus 22M is a estimate based on expected difficulty levels.