Topic: 1 coin per block or 10 coins? (Read 186 times)
The first reward for a block is about 50 coins, then it will decrease over time! But how important to attract people to exchange and mining!
Hi ,
I am not technical to know all the details for your valuable question. Please try the same post in Technical discussions/Development.
I am not technical to know all the details for your valuable question. Please try the same post in Technical discussions/Development.
I am creating a new cryptocurrency and I would like to ask a recommendation of the amount of coins to be mined per block.
Originally I was thinking to mine 10 coins per block every 15 seconds. This would give me 20 million coins per block in a year. It looks like this would be too much for a new , unknown currency, so it would not appreciate quickly. But if I set the reward per block to 1 coin, this would be not very appealing for miners to mine it. Considering that the currency was not yet emitted in sufficient amount, it would be a problem to acquire it.
So my question is, based on your experience, is the scarcity of a cryptocurrency a big problem ?
Originally I was thinking to mine 10 coins per block every 15 seconds. This would give me 20 million coins per block in a year. It looks like this would be too much for a new , unknown currency, so it would not appreciate quickly. But if I set the reward per block to 1 coin, this would be not very appealing for miners to mine it. Considering that the currency was not yet emitted in sufficient amount, it would be a problem to acquire it.
So my question is, based on your experience, is the scarcity of a cryptocurrency a big problem ?
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