Quote from: micdvd85 on November 10, 2017, 08:51:12 AM

Quote from: saxman717 on November 10, 2017, 04:35:56 AM

Great news and plan for the new chain, micdvd85!

How has the premine gone from ~700000 to 1900000? How did the coin supply more than double over the past few months? I wasn't in on that action! Cheesy

I'm not trying to sound mean in anyway but simple math can explain this. The current amount of coins is around 1.53 Million. With the block reward currently set at 7 and the block time being 1 minute that means that 420 new coins can be created every hour, 10,080 new coins everyday and over 300,000 coins every month... I had to keep the premine about 1 month ahead of the current supply to account for all the coins that are going to be mined during the swap period. That is the reason for the extra 300-400 thousand coins.

With the new chain the reward will be 5 forever at 2.5 minute spacing. This comes out to right around 1 million coins per year for the rest of time. So there will never be an issue with too many coins or not enough coins as far as I see it.

Thanks for the explanation! Didn't know the reward was still set at that level/rate ---- the new version sounds better.