Quote from: Vlad2Vlad on December 04, 2014, 04:21:59 PM

Quote from: ILoseAtPoker on December 04, 2014, 03:44:05 PM

Where are you getting this info from?? I am not sure it is correct. I make it that there's a block halving in about 11 days and only about 1billion more to ever be mined. It seems you are stating many things as fact in this thread which are just your speculation.

Coinmarketcap is showing about 14 billion coins out. Where do you see only 1 billion left to mine. If we get a halving in 11 days what's the reward halving to?

Thanks!

Coinmarketcap has been showing the same number for months. It's not updating.

I'm just working out the numbers myself - I'd be interesting to hear if anyone agrees.

"Initially random 256 - 65536 coins per block."

So on average (65536-256 )/ 2 = 32640 initial coins per block. Block time is 30secs so 32640 * 2880 = 94003200 coins per day initially.

Block halving every 90 days. So 90 * 94003200 = 8,460,288,000 in the first 90 days. Then half of that in the next 90 (4230144000) ... half again in next 90 (2115072000) and finally this 90 day period will give 1057536000.

added together thats = 15,863,040,000 total coins now and can see that if that pattern of release continues there would be less than a billion more ever basically.

Block halving is every 259200 blocks. 4 * 259200 = 1036800 for next block halving. We are currently at block 994631. At 2880 blocks per day that is about 14.6 days away it seems. I think the new reward is 5875200 coins per day in 15 days?

I'd like to hear what other people think - I'm not sure what he means by 'superblocks' for hours and daily and weekly bonuses.

ILoseAtPoker

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