hello guy...sorry if i ask too much
but...i cant find it ...
so do we have maximum coins number .. or we use some calculating ..like every year +20%...
im good at math ... but cant figure that out..
just want to know how much coins could next year mint with pos
tyvm in advance
big love
Rudar
The PoS rate is 20% per annum but it can take as little as 8 hours before a transaction becomes eligible to stake so there is an element of compound interest too. However smaller value transactions take a lot longer to stake so you can't just take 8 hours as a given in any calculations.
It's very hard to put real a value on the number of coins that will get generated because there's no way of knowing how much of the coin is actually being staked at any one time.
30.86% of all coins are known to be in Bittrex wallets and from looking at the block explorer I've never seen a stake transaction go to a Bittrex address so it's pretty safe to assume that they're not staking those coins at all. Other major addresses don't seem to be staking either.
The best thing to do would be to look at the number of coins generated by way of proof of stake to date and use that to gauge how many coins are created per day:
Look at
block 4500 on the block explorer. (The last Proof Of Work block)
Outstanding coins = 913,277.500272311Deduct the Outstanding Coins value above from that of the current block. Using
block 77600 at the time I type this:
Outstanding coins = 914,520.021033951914,520.021033951 - 913,277.500272311 = 1242.52076164
Block 4500 was created at 04:19:17 (GMT) on 18th July 2014 and block 77600 was created at 14:24:17 (GMT) on 4th September 2014 so that's
48 days, 10 hours, 5 minutes between these blocks.
10 hours * 60 minutes * 60 seconds = 36,000 seconds
5 minutes * 60 seconds = 300 seconds
36,000 seconds + 300 seconds = 36,300 seconds
24 hours * 60 minutes * 60 seconds = 86,400 seconds
36,300 seconds / 86,400 seconds = 0.42 days (to 2 d.p.)
48 days + 0.42 days = 48.42 days
So.....
1242.52076164 / 48.42 =
25.66 coins per day (to 2 d.p.)This daily average will likely increase if more people decide to stake instead of leaving their coins on exchanges but as it currently stands (25.66 coins per day), we wouldn't even reach 918K coins in existence by the end of this year.
KEY is a very limited resource growing at a snail's pace. If people just hold their coins instead of day trading them for short term BTC gains their value can only go up in the future. ****
hey man... thanks a lot ... that helped so much ...
i just cant stop buying this wonderful coin...im holding... staking ... ill spread some coins on market when it hits next value rise
cheers to RichardT too for commenting