Excuse me because I am totally new to mining but I have a question:
As far as I understand, the mining rewards 1 Hexx for every block of data, and every block of data takes 2.5 minutes.
If I understand correctly, this means each miner can make about 570 Hexx/day if he puts 1 pc turned on 24/24
assuming there are 100 pcs that are mining this means that everyday 57k Hexx will be mined.
Currently there are 1.5mil Coins in existence, and the maximum is 10mil, which means there are 8.5 mil coins to be mined.
And they will all be mined in 150 days?
Pretty sure I'm mistaken but not sure what's the mistake!
Does not work this way.
576 coins per day, for the whole network. It doesn't matter if 1 or 1 mil CPUs are mining. It's still only 576 coins.