Post
Topic
Board Announcements (Altcoins)
Re: Unitus (UIS) - Superior Blockchain Technology: 1st Multi-Algo Merge-Mined
by
Bee Cho Chen
on 20/11/2017, 20:41:30 UTC
What is the max amount of coins?
Also is there a mining calculator?

There is no max amount of coins; from the original ANN posting (https://bitcointalk.org/index.php?topic=1121974.0):

Quote
Reward: Every 7 days the reward decays by a compounding 1%. Decay continues until we reach 2 UIS (approximately in June 2022, on block 3,933,199) and then this remains static for each block thereafter. Mined blocks mature after 180 confimations.

So, after block 3,933,199 the reward will be 2 UIS forever thereafter; with a 60 second target block time, there is a new block (on average) every minute. It works out to 1'051,200 UIS per year.

Current Circulating Supply is 46,785,866 UIS per coinmarketcap:
https://coinmarketcap.com/currencies/unitus/

Current Circulating Supply is 46785866 - 17025663 (burn here) so only ~ 29760203 if I am right.

 
No there are ~70.000.000 coin
What is the max amount of coins?
Also is there a mining calculator?

There is no max amount of coins; from the original ANN posting (https://bitcointalk.org/index.php?topic=1121974.0):

Quote
Reward: Every 7 days the reward decays by a compounding 1%. Decay continues until we reach 2 UIS (approximately in June 2022, on block 3,933,199) and then this remains static for each block thereafter. Mined blocks mature after 180 confimations.

So, after block 3,933,199 the reward will be 2 UIS forever thereafter; with a 60 second target block time, there is a new block (on average) every minute. It works out to 1'051,200 UIS per year.

Current Circulating Supply is 46,785,866 UIS per coinmarketcap:
https://coinmarketcap.com/currencies/unitus/
CMC has the wrong circulating supply for some reason.


Total mined: 70.5mil
Total burnt: 17 mil
_____________________
Current circulating supply: 53.5mil

Source: https://unitus.online/network

Maybe we can have somebody change "Remaining supply" with "circulating supply or "current supply" to clear up some confusion


Also, by ~June 2022 most of the coins will be mined. By then there will be approximately 83 million coins in circulation and from there on out the block reward will only be 2 UIS and stay like that forever.