It's a planned change, the reward scheme is going to be 5 for each algo, so 5 coins every 40 seconds. There were plans for merge-mining SHA and scrypt with only the tx fees as rewards, with x11 having a higher reward for solo miners, but we decided not to go with merge-mining until we see what the reaction is with multi-algo.
5 coins every 40 seconds on each algorithm sounds a lot like the 15 coins every 40 seconds on the Scrypt algorithm system we've been working on since the last change.
Is that right ?
86,400 seconds in a day
/ 40 seconds = 2160 blocks of 40 seconds
2160 x 5 SHA + 5 Scrypt + 5 X11 = 32,400 coins per day
I hope I've got this wrong...or the mint rate won't change at all.
Ahmed explained it a little differently last week and said there would be a big reduction in the mint rate - something like a 60% reduction if I remember correctly.
For the reduction to work I suspect it would need to be 5 coins on each algorithm every 120 seconds.
Could someone please clarify this ?
Unless I'm mistaken, each algorithm will target a 40 second block time, so we'll still have 40 second blocks across all algorithms, not 40 second blocks per algorithm. Meaning, the reward goes from 15 every 40 seconds to 5 every 40 seconds. With each algorithm targeting a 40 second block time though, the blockchain will be more secure and consistent.
TT
