Re: [ANN][AID] AidBit | Digital-currency redefined | POW/POS | Groestl

Difficulty based block reward according to: ceil(8 * dDiff / (525600 + nHeight) * 525600)
Block reward scaling factor on 12 month periods

I can only get close with this: 8 * dDiff / ((525600 + nHeight) / 525600)

Which looks wrong since that would be an increasing subsidy into a complete double by day 356 (and forget what multiplication instead of division gets you!).

8 * dDiff / ((525600 - nHeight) / 525600) would be a decreasing subsidy and gets me closer, for now, but that would take us to a complete 0 subsidy by day 365. Cheesy

I'm sure I'm missing something here and really showing my ignorance. Huh

nHeight is block height or block number. 1 year = ~525600 blocks

So lets calculate the reward for dDiff = 1 and block 525600 (~365th day)

8 * 1 / ((525600 + 525600) / 526500) = 8 * 1 / (1051200 / 525600) = 8 * 1 / 2 = 4

Realtime rewards are closer to a simple 8 * 1 dDiff, but off by a good fraction (even after taking into account the 10% charity factor). I can't get anything to work consistently.

Also, I understand nHeight to mean current block height, being the highest block in existence to date. 12194 as of 2014-07-25 22:50:26. Am I wrong on this?

Please let me get back to you a bit later. I just noticed a problem and have to fix it as soon as possible. Undecided