Post
Topic
Board Announcements (Altcoins)
Re: Feathercoin [FTC] - time proven, fast, secure and unique POW coin
by
temp89
on 05/07/2017, 08:42:00 UTC
Current block: 1,785,988
Block halving every: 2,100,000

2,100,000 - 1,785,988 = 314,012 blocks

Block target: 1 min.

314,012 minutes ≈ 5,233.53 hours ≈ 218.06 days

So why time until next halving is 4 days and 6 hours on feathercoin.com?


I can't believe I got out of bed to answer this but here goes.....


This has already been covered many times in this thread.... but since you're either new or cant be bothered to read..

Feathercoin used to have a reward of 200 FTC per block with a higher block time reward....2.5 mins.   

When the devs decided to alter the block time, they had to adjust the block reward to make sure the supply stayed the same.

noob math:
200 FTC  divided by 2.5 mins = 80 FTC and 1 Min block time.

https://forum.feathercoin.com/topic/8830/what-time-is-halved/10

Check that post where the first post is one of the devs showing the halving calculation from the feathercoin code base.....which is publicly available



How was I supposed to know FTC is halving at block 1,793,041. On feathercoin.com there is clearly written:

Quote
2.1M
Block halving every

I don't read https://forum.feathercoin.com/. I've read this thread for 1 month and I don't remember there was something about halving at block 1,793,041.