Currently there is a supply of 72,998,905 Ether. This is the 60,000,000 from the IPO + 12,000,000 for foundation/development/contributor rewards + about a million from mining since Frontier got its start. Now from mining, assuming the 15 second block target holds, we get an annual inflation of 10,519,200 Ether (5760 blocks/day * 5 ether per block * 365.25). So only if Ether mining continued for 7 years would mining rewards surpass its premine. But then there's this, scroll down to Difficulty adjustment scheme: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/
At Ethereum block 200,000 (under 9 hours away as of writing) the difficulty starts to increase little by little beyond the nethashrate's target. This scheme is to freeze out the network to allow it to switch to proof-of-stake. I haven't read if block target or reward will change at the PoS changeover, but if it stays the same it will still take just under 7 years for the Ethereum network's mining/staking rewards to match the 72 million Ether premine.
At Ethereum block 200,000 (under 9 hours away as of writing) the difficulty starts to increase little by little beyond the nethashrate's target. This scheme is to freeze out the network to allow it to switch to proof-of-stake. I haven't read if block target or reward will change at the PoS changeover, but if it stays the same it will still take just under 7 years for the Ethereum network's mining/staking rewards to match the 72 million Ether premine.
Thanks for that interesting info.
How about creating a block explorer API answer that tells http://coinmarketcap.com/currencies/shift/ about the current supply.
Right now CMC says
whats the current supply if im not wrong there is 18k in new coins everyday.
As of this typing, we are at 24,408. So, 24,408 x 3 = 73,224 approximately, that's not including uncles...Please help me to see through my confusion *g*
Thanks!
You can easily calculate the current supply by taking the number of blocks and multiplying by 3 (block reward).
A "better" block explorer is in development, however does not have top priority right now.
SHF does not have the same inflation / distribution scheme as ETH. I don't know much about Ethereum, but SHIFT has a static 3 coin reward while ETH has 15 (??). As of my reply, there are ~80k SHF mined.
This will continue until there are at least 2 mill coins mined, thus the statement in the op. After 2 mill coins are in circulation, holders will be able to vote about future distribution, i.e. switch to full pos, continue pow or a pow-pos hybrid.
Therefore your question of max total coins cannot be answered at the moment.
Hope that cleared it up
One pool and all hashpower in it. Seriously?