Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [KEY] KeyCoin | Fair Launch | Daily Updates | 8/2 Vetted, KeyOS Info
by
Petr1fied
on 03/08/2014, 02:07:22 UTC
Can you verify your calculations?

Of course.

Look at block 4500 on the block explorer. (The last Proof Of Work block)

Outstanding coins = 913,277.500272311

Deduct the Outstanding Coins value above from that of the current block. Using block 21588 at the time I type this:

Outstanding coins = 913,595.438148831

913,595.438148831 - 913,277.500272311 = 317.93787652

Block 4500 was created at 4:19 am (GMT) on 18th July that's currently ~2 hours short of 16 days.

317.93787652 / 16 = 19.8711172825

Quote
20% interests per annum is not equivalent to 316 coins in 16 or 17 days (I assumed daily compounding of interests).

You're also assuming everyone is staking. Bittrex holds ~47% of all coins and most of their wallet addresses seem to be flagged as belonging to them. I don't think I've ever seen one of those flagged addresses staking.