All computers connected to the network work together, sharing the complex calculations necessary to create each ArtByte. What will be the reward?
Here are the mining rewards:
Approx. 1 billion total coins, plus 0.5% inflation after year 8
Block 1,251 500,000: 800
Block 500,001 1,000,000: 400
Block 1,000,001 1,500,000: 200 - We are currently in this periodBlock 1,500,001 2,000,000: 100
Block > 2,000,001: 20: Approx. 0.005% per year