It's going to be impossible to mine this is a few days, right?
Correct PoW+MN becomes PoS+MN round about 15/4 I think.
would this also result in reduction of MN reward? i mean average reward MN is getting now VS average reward after switching from POW to POS?
As I understand it will effectively increase slightly as currently we have 0.9 XLR per block distributed 45% PoW, 45% MN, 10% Budgeting system, but when PoS start it will be 1 XLR (initially), and I think in the PoS list below the 90% will be more than 45% for MN and less than 45% PoS staking as I remember the dev saying something to that effect sometime ago (MN will earn more than stakers). Perhaps dev can give some clarity ?
From first page:
PoW Rewards Breakdown:
[blocks 2-43200] 20% MN (0.4 XLR) / 80% MINER (1.6 XLR)
[blocks 43201-151200] 20% MN (0.4 XLR) / 70% MINER (1.4 XLR) / 10% Available to the budget system (0.20 XLR)
[blocks 151201-259200] 45% MN (0.9 XLR) / 45% MINER (0.9 XLR) / 10% Available to the budget system (0.2 XLR)PoS Rewards Breakdown:
PoS Phase 1: [blocks 259201-302399] 1 XLR (90% distributed to staker and masternode - 10% available to budget system)PoS Phase 2: [blocks 302400-345599] 0.95 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 3: [blocks 345600-388799] 0.90 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 4: [blocks 388800-431999] 0.85 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 5: [blocks 432000-475199] 0.80 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 6: [blocks 475200-518399] 0.75 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 7: [blocks 518400-561599] 0.70 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 8: [blocks 561600-604799] 0.75 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 9: [blocks 604800-647999] 0.70 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase X: [blocks 648000-Infinite] 0.25 XLR (90% distributed to staker and masternode - 10% available to budget system)
Don't see how it can be more as at the moment the MN earn 1 XLR by themselves, When it changes to PoS it's going to be 1 XLR but that's between MN and PoS so with the stakes as well it will be going down.
It's not all bad news tho as 1) people holding will now be able to earn by staking and 2) instead of 2 coins every block it's changing to just one so if the demand stays the same then the price would be more likely to go up.