>>> NiceHash and CRS Rewards
As you may know, Nicehash recently listed Lyra2z and some of our members in Discord asked if we would change algorithm (remember we initially launched CRS on Lyra2v2 and changed because of that), although its too soon to say we are already searching for similar algorithms in case we decided to change it.
As a precaution to what could happen we will anticipate CRSs halving to July and the halving schedule will continue to be every six months after that.
Halving means that the block reward will be cut in half, so instead of 120 CRS per block, it will reward 60 and continue to be 50% for Miners and 50% for masternodes
Since this is a hard fork you will need to update your wallets once they are released, specially if you are a masternode or a mining pool.
We will keep you updated regarding this matter on discord and well contact all mining pool partners and let them know well in advance.
I'm not sure I fully understand this halving.
The first halving was planned in ~3 years.
So we would do this halving in July. OK. but why continue the next halving at a rate of 6 months afterwards?
Is there not a risk that the currency in circulation will never (or in a very long time) exceed 10% of the total suply initially planned?
Why not reduce the mining reward only? 30 for PoW and 60 for PoS?
And I have another question.