Re: Alexandrite (ALEX) | Hybrid | 50% PoS | Low Supply | Low Inflation |
So it's not adjusted every 1000 blocks like it said in the OP quoted below.
The reason I'm asking is I want to see it readjust again so we know it's working properly.
as of now it's not doing what the OP says
Alexandrite - ALEX
- PoW/PoS
- PoW algo: SHA256
- 100 sec for both PoW and PoS block target time
- difficulty retarget each block
- 6 transaction confirmations
- 80 minted block confirmations
- Initial PoW payout will be 1 coin per block.
- Block payout will be adjusted every 1000 blocks, according to the formula.
- Minimum PoW payout will be 0.01 coin/block (will be reached at about 9.07 years).
- Variable PoS payout
1st year 50%
2nd year 20%
3rd year 8%
subsequent years = 3%
- Total coins generated within 10 years are about 1,268,000.
- 4.9% premine for dev support.
Ports:
Conn: 19530
RPC: 19531
payout = exp(-c*[height/1000]) coins
with c = log5/1000 = 0.00160944
payout = 1 coin at first 1000 blocks,
payout will be 0.2 coin at 1,000,000 blocks
payout will be 0.01 coin at 2,861,000 blocks
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if you check the code, the payout is according to formula: exp(-c*[height/1000]) and c = log5/1000.
in order to avoid too many digits, the dev rounded it to 2 decimals after the point, so you don't get 0.9933286326, but 0.99. This way, the payout will stay at 0.99 for several 1000s, due to the roundups.
according to my computation:
Block Payout
1000 0.99
2000 0.99
3000 0.99
4000 0.99
5000 0.99
6000 0.99
7000 0.98
...
13000 0.97
...
19000 0.96
etc
hope this clarifies your question.