Post
Topic
Board Announcements (Altcoins)
Re: [ANN] TIMEREUM: First manually mined smart contract token. ADDRESS COLLECTION
by
Tonton99
on 21/07/2017, 12:38:52 UTC
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?

No, if you let your address sit for a whole year without mining it, you can generate a maximum of 5,000 coins per year. So if you mine it once a year for 10 years you can generate a maximum of 50,000 coins.

Nope, if you wait until mining after 10 years you get 50k coins (10 x 5k). If you start mining now you get 1250 per batch, so if you hatch all your 10 batches now you get 12.5k coins.

So hatch 1 now and bring it to an exchange to trade it (when an exchange goes live) and continue to support the community while you hold your TME to be hatched in the future. If the community succeeds and Dev keeps on developing his coin we all generate value for TME and it will make it profitable for all of us.



Right, but If I were to wait to mine until my batch reaches 5,000 then I would get 50k, correct? Too bad theres no way to tell how many coins can be mined currently before we actually mine them. I wonder if the Dev can implement this.

Each parent address has an associated child address. Each child address begins with one
unit of currency. Every other type of address begins with zero balance. When the owner of a parent-child pair wishes to generate currency, they move a nonzero amount of currency into the parent from its child. The first ten transactions from a child to its parent triggers the generation of currency in the child.
To elaborate, each owner of a parent-child pair can only create ten batches of coins. The longer the owner waits to create batches, the more coins they will receive. Specifically, the coins per batch created is a linear function that allows 25% of maximum coin generation when the system goes online, and 100% after 10 years. The maximum number of coins per batch is 5000 coins. Therefore the theoretical maximum number of coins per parent-child pair is 50000. The increased batch return over time is meant to incentivize long term interest in the token. Only the aforementioned interaction between parent-child pairs produces batches. All other interactions occur as expected.

I guess you should apply a lineair function to get from 25% to 100% in 10 years to know how many coins can be mined each year starting from today.