It is pity that there is no mining. Many people don't like PoS coins. LISK looks like NEM, NXT, Bitshares, Qora and etc with its flaws.
I hope with that big ICO money LISK team can successfully defend own baby from oblivion. Good luck!
Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ?
Our Spreadsheet master maybe
would be very nice.
I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about...
Lisk blocktime is every 10 seconds
Your turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 seconds
There's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hour
There's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a day
There's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a month
There's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a year
Year One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk.
Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.
it's not the same standard mining is actually fine, if they can add it later by a fork or whatever if possible, it would be great, this must be done with a gpu algo, asic resistant
Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs a
competitive system to generate trillions of useless hashes to look for a winning lottery ticket when you've already got a perfect
cooperative system that only needs one hash per block?
