Re: [ANN] BlackCoin (BC) | Launched | scrypt | PoS | No premine
Hi,
The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)
The stake of 1% annually. Does this mean you get 1% extra coins per year? (Much lower than with MINT or EBT)
Anybody?
i am also very interested in an answer to this very important question
Thats the function in the source:
Code:
// miner's coin stake reward based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);
if (fDebug && GetBoolArg("-printcreation"))
printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);
return nSubsidy + nFees;
}
int64 GetProofOfStakeReward(int64 nCoinAge, int64 nFees)
{
int64 nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);
if (fDebug && GetBoolArg("-printcreation"))
printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);
return nSubsidy + nFees;
}
COIN_YEAR_REWARD = 0.01 (1%)
But I couldn't figure it out when and how often it applies.
Maybe a DEV could help to understand this better?
edit: typo
Thanks for the feedback. So it really is 1%. This basically means it is a pure POW coin, since nobody will be really interested in the PoS rewards, I think.
I think you really need to consider the compound interest. 1% of the 1% 3 times a day could add up fairly quickly.
can anyone say how much is it with the compound interest?
i made some math, but it's seem (maybe i'm wrong) that in very few higher than 1% year
