Post
Topic
Board Announcements (Altcoins)
Re: [ANN]CureCoin - Earn while you solve cures for Cancer. True 3.0 crypto
by
Croak
on 18/05/2014, 16:23:17 UTC
Quote
Also, I have asked this once before but got no answer: How does the network balancing between mining and folding work ?

There's really nothing I'd call active "balancing".  

Miners are mining "fresh"coins at just about the target rate of 10 minutes per block (13 coins per block) and the difficulty retargets seem to be doing the job properly.  Folders are getting paid shares from a fixed 7488 coins per day from the pre-mine stash, that won't change for oh, 4 years, give or take the developers' stated intention to reserve the right to increase payouts on special occasions (said extra coins coming from the developer premine, I would assume, and not from the folding reserved premine).  

That means the 80/20 ratio of coins from folding and mining is pretty much still in effect, 7488 coins from folding, ~1872 from mining daily.  

The exact rate and amounts of the IPO payouts are still a mystery, but I tend to believe the devs when they say they're dribbling those out rather than paying in bulk.  

But the good news is, exchange volume supports those figures...less than half the daily yield of coins is actually being sold on the market right now, and only a fraction of the coins distributed to date are even listed for sale across all the exchanges.  Lots of coins being held in wallets, which indicates to me a fair amount of confidence in the value increasing, or at least the hope that there's more buy support in the future.