Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CHIP] ChipCoin - X11 POW - NO ICO - LAUNCHED
by
cohnhead
on 03/08/2015, 23:51:08 UTC
i dont understand the blockreward system. can you explain?


Blockrewardstructure:
Halves every 10K blocks

REWARD           AMOUNT PER 10K BLOCKS
512               - 5.120.000 CHIP
256               - 2.560.000 CHIP
128               - 1.280.000 CHIP
64                 -    640.000 CHIP
32                 -    320.000 CHIP
16                 -    160.000 CHIP
8                   -     80.000 CHIP
4                   -     40.000 CHIP
2                   -     20.000 CHIP
1                   -     10.000 CHIP
etc.

pos would be fine...but please keep it real world like 2-3%....5% max....coins with unrealistic high stake rates are compensating for their devs lack of confidence that the coin can appreciation in value on its own merits.  That's why most fail

We are not sure yet if we will keep the blockreward on 1, or do a transition to POS when the time comes. I hope this clears up your confusion Smiley


edit:
Pool bounty 1 sent