Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XJO] Joulecoin | SHA256 | First SHA256 data coin | Major upgrade 0.10.4.2
by
dalslandan200
on 13/09/2018, 12:08:15 UTC
>>Block reward: 16 XJO

When solo decoding a block, I get 4 xjo instead of 16 xjo. Why?  Undecided

Because of how halving works to prolong the "original" mining phase.
Like many altcoins, Joulecoin implements the halving technique to more slowly reach the total supply of issued coins (~ 45 million XJO).
We are currently in our second halving stage which results in a XJO reward of 4 instead of 8 or 16.

According to Joulecoin configuration, halving occurs every 2 years.

So, roughly 2 * (31 556 926 / 45) approx. 1 402 530 (this means that approximately block 1 402 530 should have the new block-award since 2 years have passed, but if the chain have had issues this could be longer or shorter)

If we look at Block explorer at around 1 400 000 (https://chainz.cryptoid.info/xjo/block.dws?000000000000f6256c21d60466bc9b7aab1704f5681e504546d1e9ca48074d9e.htm)
We can see that there still is the original 16 XJO reward.

So, let's calculate where 4 XJO happens. (4 * (31 556 926 / 45) approx. 2 805 060)

If we look at Block explorer again, but at 2 800 000 (https://chainz.cryptoid.info/xjo/block.dws?0000000000001561b85d4dde5aa9ada2fc491fbb1cee8fca9148df0f3e2d48b7.htm)
We can see that the 8 XJO reward is currently in place.

But if we check at block 2 805 060 (https://chainz.cryptoid.info/xjo/block.dws?0000000000000b807131df697a91d769f950b0aa04b4cd6cc09d7c50928d929b.htm)
We can confirm that the 4 XJO reward have indeed started occurring.

Disclaimer: I know this math is not preferred*