Post
Topic
Board Announcements (Altcoins)
Re: [ANN][RIC] Riecoin, new prime numbers POW coin, CLIENT UPDATE v0.8.7 AVAILABLE
by
trny
on 26/03/2014, 02:02:29 UTC
I wonder how much it takes to maintain Riecoin price. I know dogecoin needs $2+ million to maintain its price.

2.5 minute blocks with a reward of 50 RIC means approximately 28800 new RIC a day. At the current price of ~$0.12 this means about $3456 is needed a day to sustain prices. However I don't think the handful of top whales mining the majority of coins are selling at the current price.