the only thing I see lame on this coin is the super small pos %... 700 mill pow with 15-20% pos would have been funner
Developer any replies to the above quote?? Is the POS only 1%??can't we reduce POW and increase POS interest so people can hold and stake instead of dumping after mining??
"The only thing I see lame on this coin is the super small pos %... 700 mill pow with 15-20% pos would have been funner"
Relax. POS is 'stealing' POW blocks already. Block 2880 coming - next reward halving coming.
Rank Pool/Miner Last 100 Last 1000
1 Proof of Stake 54 510
2 Unknown 46 485
3 P2Pool 0 5
So one can say that because of POS the block reward has already halved.
Sorry but can you explain what did you write. I cannot understand please. Is the POS 1% right?
Have a look at the block explorer. It shows you how the blocks are created - by POW or by POS. We are currently in the stage between block 1440 and 2880. The block reward is 250.000 per POW block. This would be 360 mill coins for 1440 blocks if there was only POW. But the half of these blocks are not POW but POS - which gives much less overall reward.
You can also check the total amount of coins. There should be 930 mill right now. But we have only 684 mill at the moment. I hope I could help you. So everyone who wants less total coins should start staking.
But I have another question myself for a more experienced member: What does 'Value out' means in the explorer? For example I have at block 2287 a value out of 750000 or at block 2283 there is 508,849.36278606 value out. Where do these values come from?