Post
Topic
Board Announcements (Altcoins)
Re: Topaz Coin 1.05 HMQ1725 algo (POW, POS, LOW SUPPLY, GPU CPU MINER FRIENDLY)
by
Saracenis
on 16/05/2017, 08:12:21 UTC
everyone is screaming about 5000 blocks per drop in pay.   its 5000 pow blocks per drop in pay. even if total blocks is 15000 from pow pos it still has to hit 5000 blocks pow before the pay drop
which to me is a dam nice schedule.

If that is the case, then why did the block reward change from 1.00 TOPAZ to 0.99999999 Topaz after block 5000? Something obviously changed in the block reward calculation. Also, how do you figure out how many blocks are PoW and how many are PoS? Block height does not seem to differentiate, and commands such as getinfo and getmininginfo return only a block height... there are no separate block heights for PoW and PoS. Seems far more likely to be a math error on the part of the dev, but it is advantageous to miners. Scoop as many as you can before the dev gets back from his/her trip and corrects the code.
I am curious though how the current coin supply is over 33000 TOPAZ... With a premine of 25000, a block reward equal to or less than 1, and a block height of under 7500, shouldn't the maximum coin supply be under 32500 right now? Are PoS rewards somehow averaging more than 1 TOPAZ per block?
You are right - there is little mistake there that will be fixed from block 10.000 , but as you said, it just benefits miners.
Extra 3000 Topaz was staked from premine in order to push chain forward as it was stuck. I did cover this issue in old Topaz thread. They ware spent for listing us on NOVA and Coinexchange.