Help to understand bitcoin halving calculation.

artofwar

member

Activity: 142

Merit: 26

Quote from: cpfreeplz on March 03, 2018, 11:19:12 PM

Quote from: codewench on March 01, 2018, 04:22:02 AM

If you start at 500 coins, then the halving schedule goes 500, 250, 125, 62.5, ... So, you need three cycles more just to get down to close to 50.

If you really want to ten times more coins, with the same emission schedule, then set artofwarsatoshi to 0.0000001, i.e. ten times bigger. Your starting reward is 5,000,000,000 artofwarsatoshis.

Bingo. The rewards would need to be different than just 10x and hope that everything works out the same. That would be fine if the distribution was linear, which of course it's not because it's halved every four years.

I'd suggest you make a specific calculator that can do the calculations for you, to see how much you should have the first four years of block rewards at.

yes this is what im trying to do. to create a calculator for both user and developer. but first i have to determined what parameters should be in this calculations.

cpfreeplz

legendary

Activity: 966

Merit: 1042

Quote from: codewench on March 01, 2018, 04:22:02 AM

If you start at 500 coins, then the halving schedule goes 500, 250, 125, 62.5, ... So, you need three cycles more just to get down to close to 50.

If you really want to ten times more coins, with the same emission schedule, then set artofwarsatoshi to 0.0000001, i.e. ten times bigger. Your starting reward is 5,000,000,000 artofwarsatoshis.

Bingo. The rewards would need to be different than just 10x and hope that everything works out the same. That would be fine if the distribution was linear, which of course it's not because it's halved every four years.

I'd suggest you make a specific calculator that can do the calculations for you, to see how much you should have the first four years of block rewards at.

artofwar

member

Activity: 142

Merit: 26

yes, my mistake, if it were to be 2,100,000 block before halving, it will takes every 40 years before halving.

so these are the basic parameter:

bitcoin per block = 50
total coin = 21mil
daily block = 144
halving = every 210,000 block
halving cycle = 4years
last block = 136 years
decimal points = 8 decimals

if we want to create a new coin with 10 times more, with the same cycle as bitcoin, we have to sacrifice the decimal parameters.

coin per block = 500
total coin = 210 mil
daily block = 144
halving = every 210,000 block
halving cycle = 4years
last block = 136 years
decimal points = 7 decimals
(red indicates changes, gray indicates unchanged)

is this right? any other parameters should be put into account?

codewench

member

Activity: 93

Merit: 39

Quote from: artofwar on February 27, 2018, 02:01:36 AM

halving = every 2,100,000 block

You want to leave this at 210000, otherwise it will take over a thousand years to exhaust the mining reward.

Quote

from my understanding, it should be 34 cycle, which is 136years. should be the same as bitcoin.

but why i get 37 cycle = 148 years?

If you start at 500 coins, then the halving schedule goes 500, 250, 125, 62.5, ... So, you need three cycles more just to get down to close to 50.

If you really want to ten times more coins, with the same emission schedule, then set artofwarsatoshi to 0.0000001, i.e. ten times bigger. Your starting reward is 5,000,000,000 artofwarsatoshis.

artofwar

member

Activity: 142

Merit: 26

bitcoin per block = 50
daily block = 144
halving = every 210,000 block
halving cycle = 4years
total coin = 21mil

the amount of cycle need to empty the block will be 34 cycle.

34 cycle times 4 years = 136years. http://planetcalc.com/3718/ (input -50 in intial value x0 and 50 in intial value x1)
===================

if i want to create new coin with 10 times per block value, which is 500, it will goes like this.

coin per block = 500
daily block = 144
halving = every 2,100,000 block
halving cycle = 4years
total coin = 210mil

from my understanding, it should be 34 cycle, which is 136years. should be the same as bitcoin.

but why i get 37 cycle = 148 years?

what parameter should be taken into calculation if I want to have 136years, exactly like bitcoin cycle?

Topic: Help to understand bitcoin halving calculation. (Read 195 times)