Thanks! Added to ANN OP.


On Monday we are going to release a new wallet with an update to the rewards system. I have asked for feedback on this in the developer statement and have not yet received any.

A goal in restructuring the algorithm is to shorten the mining time frame but keep the total money supply at 4M coins. Therefore my current thinking is to increase the multiplier in the algorithm in such a way that 4 million coins are distributed in 6 years instead of 600. Here's what it looks like:

(abs(sin((x+600)/200))*1050000.0/(x+600))+(1.0/(x+600))

The bumps will be about twice as big as they are currently and everything is distributed a lot quicker.

If anyone else has other ideas please discuss here. Will finalize Monday and release a new client that will change the algorithm approximately one week from then.