Can someone explain the total number of coins please:
Below (getinfo) the moneysupply is shown as 24019028.79038081 but with 1000 KOBO per block and 85710 block that number should be 85,710,000, right? or?
{
"version" : "v2.0.0.0",
"protocolversion" : 60013,
"walletversion" : 60000,
"balance" : 134134.40084649,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 85710,
"timeoffset" : -12,
"moneysupply" : 24019028.79038081,
"connections" : 8,
"proxy" : "",
"ip" : "81.105.192.121",
"difficulty" : {
"proof-of-work" : 8.20960502,
"proof-of-stake" : 0.13964356
},
"testnet" : false,
"keypoololdest" : 1423321192,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"unlocked_until" : 0,
"errors" : ""
}
Same with the block explorer, it shows 24019028.79038081 for block 85710.
Can someone please explain this?
As per the first post in this thread, the POW phase ended at block 43,200 (ended 25th February, 2015). Also what you have to factor in, is that as soon as the first mined blocks were in a wallet, shortly after that, wallets were generating blocks via POS. So during the whole time of POW, POS overall stole about 44.5% of the blocks away from POW, generating maybe 1 KOBO or less for a POS instead of the 1000 for POW. This number was less towards the beginning, and at the end it got higher than 60% of the blocks at times.
Having a smaller money supply currently is good for the value. It was a bit bad for miners, as they didn't make as much as they thought they would. And it will still grow slowly with POS, but will take years to be where you think it should be..
