When does the block reward decrease? half?
It is stated in the Community Paper of BitcoinZ (p.4):
https://drive.google.com/file/d/1aLuEcyHNKq215X4am2YQNXfQmPnV1pTt/edit"
The halving interval is set for block 840,000 and is estimated to occur in approximately 4 years from the Sept 9th, 2017 launch.
The approximate calculation can be completed by the following steps:
a.) Blocks Per Day = Seconds In A 24hr Day / Block Time = 1,440 / 2.5 = 576
b.) Blocks Per Year = Blocks Per Day x Days In Year = 576 x 365 = 210,240
c.) Halving Interval In Years = Halving Block Interval / Blocks Per Year = 840,000 / 210,240 = 3.99
So in approximately 3.99 years, the block reward will go from 12,500 to 6,250, in accordance with the consensus code Halving Interval set at the 840,000th block. At this point, BTCZ will have reached approximately half of its total supply, or approximately 10.5 billion.
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Therefore BTCZ halving will happen about 3 years from now.
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