Re: [ANN] [USDe] Unitary Status Dollar eCoin | 1st MONTH

Thanks for spotting this, OP has been updated to reflect block payout halving.

Quote from: SimplestMind on February 12, 2014, 12:48:29 PM

Quote from: USD-e on February 12, 2014, 12:15:00 PM

Block halving affects both, regular blocks and bonus blocks, so the average per block amount will drop to 2,000 USDe instead of the current 4,000 USDe (including bonus blocks). Hope this helps!

Quote from: SimplestMind on February 12, 2014, 12:09:33 PM

Quote from: DrMad on February 12, 2014, 12:06:11 PM

Quote from: Piesel on February 12, 2014, 11:28:57 AM

How many days left to block halving?

Let's try a calculation (please correct me if I am wrong):

From OP:
USDE max supply: 1.6 Billion (1,600,000,000)
Block halving: block halving every 1/3rd of the coin's total supply
Time per block: 1 min

There are on average 4000 coins in 1 block:
1.6 billion / 4000 = 400.000 blocks

400.000/3 = 133.333 coins first block halving

Current block: ~61850

133.333-61850=71483 blocks to go

71483*1 min = 71483 min = 1192 hours = 50 days

If I'm not mistaken the halving is only effective for the 1k blocks? So after 1/3rd of total supply the average will be 3500 coins per block?

Ok thanks a lot, got confused because I thought it said that the bonusblocks will stay like this until ALL USDe is mined.

Quote from: USD-e on January 11, 2014, 01:47:29 PM

Block Bonuses after Block #1000
Paid Until All USDE Coin is Generated, Every:
005 blocks - x005 pay = 5,000 USDE
010 blocks - x010 pay = 10,000 USDE
020 blocks - x020 pay = 20,000 USDE
050 blocks - x050 pay = 50,000 USDE
100 blocks - x100 pay = 100,000 USDE