So with 500K premined, it's going to take over 2 years to match what you premined?
?
?Blocks are every 2.5 minutes. That's 576 X 2.5 minute blocks in a day. That's 4,032 blocks in a week. So there are 4,032 blocks in a week X 52 weeks in a year = 209,664 blocks in a year. Block reward is 25 coins initially so at 209,664 blocks in a year x 25 coins block rewards = 5,241,600 coins in the first year (roughly).
It will take 35 days for miners to catch-up to the premine.
Actually, block rewards are .01 for blocks 2-9999. http://hashtagcoin.org/?page_id=32
.01 times 9998=99.98coins.
10000blocks divided by 576 per day = 17 days. (Ridiculous)
That's 17 days to get close to 100 coins.
499,900 coins to go.
576blocks times 25coins = 14,000 coins per day
499,000 divided by 14,400 coins = 34.71 days to reach 499,900 coins.
34.71 days
+17.36 days
-----------------------
52.17 days to reach your premine total of 500k.
Thats 52 days for the float to equal your pre-mine!
You do the math! Please correct me if I am wrong.
Feel free to tip me for pointing out your errors.... In BTC of course.
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