Quote from: frameLAlife on September 30, 2014, 01:51:26 AM

Quote from: thenotfatguy on September 30, 2014, 01:47:35 AM

As of this post, more than 31,000,000 Octos have been mined.
The block reward remains at 88 per block as per the block explorer.

Maybe the wording is a little difficult in the OctoCoin website, and the rewards will be cut down to 80 in 88 days, or I did not read something correctly.

Anyone care to take a better stab at it? Grin

hmmm yeah i thought it was supposed to cut from 88 to 80 also... it's not super clear though.

In looking at the source:

Code:

int64_t GetOctoCoinSubsidy(int nHeight) {
int64_t qSubsidy = 80*COIN;

int BlockCountA = 180655;
int BlockCountB = 358364;
if (nHeight <= BlockCountA)
{
if (nHeight <= 94255) {
qSubsidy = 188 * COIN;
}
else
{
qSubsidy = 88 * COIN;
}
}
else
{
qSubsidy >>= ((nHeight - BlockCountA) / (BlockCountB)); // Subsidy is cut in half every 358364 blocks (~1 year)
}

return qSubsidy;

}

So basically, it will remain at 88 until block #180,655. Currently, we are at block #176,615. So in about 4,000 blocks, the reward will drop to 80 coins/block. This will likely happen at some point within the next 5 days.

Once it drops from 88 to 80, it will simply halve every 358,364 blocks (or roughly every year). So around this same time next year, the reward will drop to 40 coins/block.