Quote from: Traderberg on July 25, 2014, 10:05:18 AM

Quote from: awais3344 on July 25, 2014, 08:13:48 AM

hi, i invested some btc already, and thought i might invest some more. but i wanted to know.

until height 259000 every 24hr there will be 184320 coin.
Won't that be way too many coins for the current price of 465 satoshi?
No fud, just want to know. thanks

Also how do we obtain those shinny little gifts in return of our investment? Grin

That would be 0.857088 BTC/day worth of SYS mined. I'm not saying it's negligible for an altcoin market (well, that definition is damn close), so let me just give you some numbers:

DogeCoin: 33.30 BTC/day
DarkCoin: 29.25 BTC/day
LiteCoin: 375.26 BTC/day

you can do calculations for other altcoins yourself.

Also, keep in mind that mining SYScoin is essentially free (merged) and therefore old rules of hashrate/profitability dependance don't apply. Once there's a good network of merge-mined pools, Syscoin hashrate will stay very high and unprofitable to mine directly. At a certain point the amount of SYS mined by average ASIC miner will be so low, that it won't even be worth dumping on an exchange. Instead, a miner may actually buy more coins to increase his SYS holding to reasonable level.

In case there're only 1 or 2 miners mining SysCoin (extreme case), they'll both get ~0.43 BTC/day worth of SYS and of course it would make sense for them to dump it immediately. This is not a realistic scenario, but is still very easy to absorb for any market (with a volume around at least 10 btc/day, which isn't high even for cloned altcoins with no innovation)

hi, okay it makes better sense now. because before I read on another thread there was bigger reward. So I was confused.

Looks like the block reward has been changed to lower number of coins than the initial decision?
thanks