Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Binary-Chain - VeriCoin and Verium - The First Dual-Blockchain Protocol
by
HashFace
on 07/01/2018, 04:19:21 UTC
Quote from: bde3588c on January 07, 2018, 03:42:39 AM
When I look at the mining statistics dashboard at http://veriumstats.vericoin.info, we see that there are roughly 1.4 million VRM in supply. Looking at the number of miners that are spitting out over 2,000 KH/s JUST at https://vrm.poolinat0r.com/index.php?page=statistics&action=pool and earning over 8,000 VRM A DAY, it seems that the remaining VRM supply will be gone within the next 60 days and there won't be any left to mine. Is my understanding correct?

It is a low supply coin, but I think the total supply is closer to 3 million.  The 1.4 million is what has been mined already.  

Also, I think the number mined per day is closer to about 1300-1400 a day.

3.7 VRM reward and 3.8 minute block time, currently.  So 1440 (minutes in a day) / 3.8 (blocktime) * 3.7 (reward) = 1363 VRM per day mined, total

Also, you have to factor in that difficulty is increasing and reward is decreasing, so 3.7 reward will decline as time goes on.

(I used to mine at poolinator, their stats are all wrong.  I think they are X100 too high)