Quote from: teasider on June 27, 2018, 04:01:20 PM

I dont get it. Did they just admit that their algorithm is one that supports the downtrend of the price....forever?

The reward from mining a block goes down.
Its not about the price of it.

Less reward = less supply = eventually increasing value [if there is at least some demand]

For example, bitcoins rewards decreases every 4 years as Iam reading.

Quote

A coin is designed in such a way that it should never exceed its max supply. However the question is will a coin reach its max supply and when? Lets take Bitcoin as a example. It is estimated that around year 2140 BTC will reach its maximum supply. Bitcoin has controlled supply and its block reward decreases every 4 years. Its expected by the year 2032 99% of the Bitcoins will be mined. To mine just that last 1% it takes 100 years.

Practically we dont think Bitcoin will reach its maximum supply which is 21 million. One reason is there are so many Bitcoins that are lost which are of no use. Also the miners wont continue mining if the rewards are too less.

So what happens once Bitcoin reaches its maximum supply? The answer is simple. There would be no more inflation. If the demand of the coin keep raising then its value will raise substantially. But will the demand for Bitcoin raise in future, who knows?

Source: https://coinguides.org/circulating-supply-total-supply-max-supply/

Should be something similar.

Simply, with time it will get harder and harder to mine, because of less rewards...so if there is something to worry about, then its the question if we will even reach it in 2050. [its probably more likely that we might reach it later than sooner, but Iam no expert on this]

Just not sure if the decreasing rewards are only based on time? [but I guess so]

It might have been mined a bit too fast right now with the light algo [too fast, too soon], but we gotta see what the fork will do to the mining overall.
But for me with Ryzen 1800x:
Current algo: 2200H/s
New heavy algo: 180H/s
XFX Radeon HD 7970 3GB DD:
Current algo: 1342H/s
New heavy algo: 277H/s
Big difference coming.