Post
Topic
Board Announcements (Altcoins)
Re: [RE-ANN][PGN][X21S] Pigeoncoin - Pigeon Social DAPP - Datanodes & Servicenodes
by
CoinComputer
on 08/02/2020, 13:01:22 UTC
Thanks for clarifying and I do understand Devs need to eat however few are mining on the official pool at the moment so you won't be receiving any rewards because you won't solve any blocks.  Just a suggestion, drop the Dev fee for lets say 24 hours to encourage miners to return back to the pool and then reinstate the 5% Dev fee after that.

If it's 0% fees shouldn't the block reward be 5000 - why did the last block still show 4750 ?

Great question. We have a 5% development fee on every block coded into our wallet (network wide). 5% or 250 Pigeoncoin goes into our 3 of 7 multisig address managed by 7 community key holders. We are a community run coin and had a community vote to raise development funds by introducing this dev fee at block 420,000 with a guaranteed end at block 1,420,000 (roughly 2 years from when it started). Hope this helped to clarify?