Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining
by
bittencoin
on 30/11/2013, 14:24:37 UTC
I am trying to understand the description of quark.  I particularly unsure about how many coins is really available.  From this statement "Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)", what does it mean?  What does the abbreviation "p.a. inflation" mean?

per annum

Thanks, so let me understand this. After the first 6 months there are a total of 247million quarks, 1 year after that, there will be 248million total, or 247 + 248 = 495millions total? my guess is 248millions, but I am not clear about the language.
247+1 = 248 Million

thanks