Quote from: ycagel on November 09, 2014, 12:04:18 PM

Maybe I am a bit slow, but isn't 2.5B already a little more than 10% of the total supply of 21B?

YC

Quote from: HR on November 08, 2014, 03:18:41 PM

Quote from: 24hralttrade on November 08, 2014, 02:10:12 PM

Quote from: mitache365 on November 08, 2014, 01:52:24 PM

Quote from: ycagel on November 08, 2014, 01:37:55 PM

2.5B in circulation and DGB has moved to #63 marketcap on CoinMarketCap.com! I would think by the end of the year we should be at 4B in circulation, which is close to 25% of total supply for the coin!

YC

2.5B mined for 10 months and 1.5B for the next 1.5 months ?

it´s a little to much for 1.5 months but it think people will pick up DGB when the price goes up & big miners will jump in. 4 months 1.5b DGB looks better to me

Won't even be 10% by it's first birthday. This is long term . . . might I even suggest forever? Wink

Quote from: HR on September 08, 2014, 10:50:35 PM

Start point data was based on money supply and block reward as of today,
and the projections are based on the 0.5% block reward reduction every 10,080 blocks
and the assumption that the smoothed, long term block discovery rate equals current rates.

https://bitcointalk.org/index.php?topic=408268.msg8736118#msg8736118

BTW: the number of blocks found each day will never vary, and will stay constant forever . . . or at least until the POW code is changed or eliminated, and that won't happen for a long, long, time - perhaps not even in some of our lifetimes. Wink

ycagel, you're absolutely correct. I was incorrectly reading my own chart! I was looking at the block reward numbers on the left instead of the money supply numbers on the right. Silly mistake. I even had to go back to the original spread sheet before I realized my error. We are indeed already above 10%.

While I'm at it, with the spread sheet opened and all, we are on target to have around 3,656,372,503.55569 DGB in circulation for DigiByte's first birthday, around 8,806,865,544.71951 for its 2nd birthday, 11,926,881,962.4078 for its 3rd birthday, 13,816,895,669.609 for its 4th birthday, 14,961,810,097.9938 for #5, and as you can intuit by the numbers here, and by looking at the chart, the yearly production falls below 1 billion after year 5, and over 70% of total projected DGB will already be in circulation by that time - but it will still be very profitable to mine since it will be worth well over $5 by then. Cool

That was a big oversight, but everything else I said was/is correct: this is forever, the number of blocks found is a constant, and it's only the 0.5% regularly scheduled subsidy reduction that causes the amount mined to decrease over time.

P.S. Here's my "daily" technical analysis of price. ;-)