@ #crysx
Yes BTA is still mineable.
Midnight Miner updated the community just before you chimed in.
Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon. Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.
It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.
The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.
Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.
We will see how the PoW participation scales as the PoW rewards continue to decrease. If the value of Bata continues to rise, then yes, PoW mining will continue to support the network. But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue. At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.
Nothing is imminent at the moment, but there is planning going on to prepare for the possible scenarios.
Yes BTA is still mineable.
Midnight Miner updated the community just before you chimed in.
Current PoW reward is 0.78125 Bata per block. So the money supply will not be reached anytime soon. Since the halving of the reward happens every 100 000 blocks the money supply will be reached somewhere after block 1.8M when the PoW reward is 0.00009536.
It has taken 20 months to reach block ~550K, therefore block 1.8M is approx. 3-4 years away before we reach coin supply.
The type of PoS proposed for Bata will add a maximum of 225000 Bata per year assuming all wallets are staking (not likely to be achieved).
So adding to the total coin supply would allow the coin to introduce a higher minimum block reward for PoW AND/OR a modest PoS reward to keep stability in the network.
Relying on pure PoW mining when the coin supply is reached has not been very successful for other coins that have reached their coin supply.
We will see how the PoW participation scales as the PoW rewards continue to decrease. If the value of Bata continues to rise, then yes, PoW mining will continue to support the network. But if PoW mining participation drops enough to only a couple of pools, then the stability of the blockchain will become an issue. At that point, extending the coin supply to increase the PoW mining reward or implementing PoS will be needed to maintain the network stability.
Nothing is imminent at the moment, but there is planning going on to prepare for the possible scenarios.
would it be worth setting a pool on the cwi-pool system for bata? ...
the question is whether people would mine there or not - which is what i meant by 'worth' it ...
there will be another 7pools being setup in the coming week - and bata can be one of them ...
PoS on a PoW system makes a lot of sense - and as a hybrid coin - would mean more bata in the wallet
... though PoS alone always seem to have issues one way or another ... this is the direction we are going with granite - though that project will have a HUGE amount more than just that ... a lot of the ideas i had originally - are coming to development fruition ...in any case - ill be around for a while yet mate ... as this year is the year we bring out to the public - not just work in the background and backend ...
#crysx
