Post
Topic
Board Announcements (Altcoins)
Re: [ANN][FAIR] Faircoin Dev team launch Faircoin 2.0 White paper. PoC
by
thokon00
on 28/05/2015, 13:10:20 UTC
calculate how many coins you can mint its simple:

coin amount / 100 x 3 = yearly minting


50000 FAIR can become 51500 after a year at 3%, on february 2 of 2016 minting reward half to 1,5%.


to calculate minting reward on age base:

yearly minting / 365 x age of transaction =  age base minting

50000 FAIR can mint after 21 days 86 FAIR





Probability is related to many factors:

amount of coins, age of transaction and minting difficulty you can check here for difficulty

https://chain.fair-coin.org/rt/connected-nodes.html

many open wallets means more competition and higher difficulty, the more days pass higher is probability until you reach the maximum weight after 90 days.


Thanks Jack for the good explanation. I'd only add that we'll never reach the 1.5% reward phase, because there will be no minting (=staking ) any more in FairCoin 2.0.
See here: https://fair-coin.org/faircoin2.html

regs
Thomas