Someone please explain how "mining" works.Yearsterday i see about 5kk coin circulation, but now its more than 6kk. Its dupe or what? i a bit scared because inflation can kill coin very fast.
Can someone answer please about inflation of the coin ? thx
Read the whitepaper. Every genesis address owner can create (mine) 10 batches of coins in his lifetime. Currently 1 batch size is 1278 coins. I have an address and I can mine 12780 coins if I create all the batches today. I can wait 10 years and every batch will hold 5000 coins (10 batches = 50000).
1 million coins is about 78 addresses. it means 78 people yesterday have triggered all 10 batches in their wallets.
Okay, thanks man. Now apother stupid question, what i need to do to generate batch?
I mean which soft/ethereum wallet i need, guide please.