@contraband,
Let's be honest.
This interest in your coin and the support of the community of miners is only for one reason. The reason is in the award for the block.
Now it ranges from 7500 to 7900 coins.
That is why at the very beginning some miners earned very well when the complexity of the network was minimal. It is for this reason that ordinary miners now have a small income. Today, buyers of the power of Nicehash have superprofits.
If your team developed a reward in the region of 30-100 coins per block, then from the community of miners you would not receive support.
Or am I wrong?
Let's be honest.
This interest in your coin and the support of the community of miners is only for one reason. The reason is in the award for the block.
Now it ranges from 7500 to 7900 coins.
That is why at the very beginning some miners earned very well when the complexity of the network was minimal. It is for this reason that ordinary miners now have a small income. Today, buyers of the power of Nicehash have superprofits.
If your team developed a reward in the region of 30-100 coins per block, then from the community of miners you would not receive support.
Or am I wrong?
You cant look at block reward alone, it is a balance between hash power/difficulty, block reward and price which all affect one another, the same as any other coin. To say that the numer of coins that are given as a block reward alone determines miner support/reward is not correct.
You are cunning)))
Here is the very first payment with https://eupool.electroneum.com/#payments
30.10.2017, 15:16:15 d5a8f562ae5fa1682f1bd92b260557adba84b0d477b87a4fb5fd0a6637eeddee 7689.00 0.01 0 1
https://blockexplorer.electroneum.com/tx/d5a8f562ae5fa1682f1bd92b260557adba84b0d477b87a4fb5fd0a6637eeddee
And this award has remained !!! within the limits of 7500-7900
Honest coins, for example http://krb.mypool.online/ have a reward of 20 coins, Monero 6 coins and so on
That's why you brag about your achievements:
Please Note!!
Another Record!!
In the first 12 hours we hadd 20,000 miners up and running. Thanks again to all our dedicated loyal users!!!
Where I can see the schedule of rewards for the block? When will the rewards be reduced?
PS: Let's argue.
Set a reward of 20 coins per block, and you will see how the miners support you)))
42 coin has a block reward of 0.000042 coins per block and has little miner support... economics balance around more than a single data point. If a coin has speculitive support (the thing that drives price in the early days) the market will trend towards equalibrium (basically where its at now), if speculitive support isn't there the price will trend towards zero and you will have no miners. This is how it plays out at any launch.
Also the emission rate lowers over time this is also true for most (all?) coins as fees can pick up the slack as the network grows allowing for distrobution over time with a finite cap. Yes some coins have a soft start algorithm but this generally doesn't have the desired affect it just delays the inevitable.
Monero also has a effectlve total supply of ~20M (no cap but emissions are very small after 18.4M) roughly 1/1000th of ETN so realitivly speaking ETNs emmision rate is roughly the equivalent of <8XMR... not that much different.