Re: [ANN] [eToken] NEWS: 4-2-2014 eToken added to the 5th EXCHANGE
Do I have this correct :
Mining the whole entire Etoken hash % for a day will get you 720 coins or $856 per day for 100% of the network.
1 coin per block and 720 blocks per day.
What am I missing?
240,000 coins exist but you can only mine 720 new coins per day? 0.3% new coins added to total coins per day for a coin that
is not even 28 days old.
Should be 3%. Or 2% at least.
Tell me I am missing something here.
Mining the whole entire Etoken hash % for a day will get you 720 coins or $856 per day for 100% of the network.
1 coin per block and 720 blocks per day.
What am I missing?
240,000 coins exist but you can only mine 720 new coins per day? 0.3% new coins added to total coins per day for a coin that
is not even 28 days old.
Should be 3%. Or 2% at least.
Tell me I am missing something here.
100k was block by fork, so we have only ~140k coin available
Also, pre-fork had super blocks and release bonus.
super blocks:
1 inferior block every 1000 blocks gave 200
1 superior block every 10000 blocks gave 2500
release bonus: x2 until block 20k.
240k you see is: old bank (100k) + giveaway (38k) + all block from start to now (18*250*2 + 2*2500*2 +20000*1*2 + 18*250*2 + 2*2500+20000 + 8000 (from 40000 to now) ~100k)
If you want to know how many coin can be trade now, I'' say that: giveaway (38k) + all block from start to now ~ 140k
Thanks for the detailed response. So there are actually only 140k coins approximately.
There is no way to reflect this in the coinmarketcap.com stats is there?
The cap should read $165,000 correct? At $1.18 per coin.