Miner Reward Question | Bitcointalksearch.org

xxcsu

hero member

Activity: 1498

Merit: 597

Quote from: jackhashmine on December 29, 2017, 07:19:07 PM

lovely input ...... its obvious I know I need to learn a lot.
it is also obvious that you provide no information just your opinion. thanks matey
if you are not a developer who has been faced with that decision, then I will find it really difficult to see mere opinion as valid

yes its a lovely input , dont be lazy , do your own research Wink

leran the basic , learn how mining works , learn how the reward system working , dont demand from developers to explain to you the basic ...

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

Quote from: jackhashmine on December 28, 2017, 10:56:27 PM

Why have a white paper describing mining block rewards when the price of a coin often overrides the planned block reward??
Any developers of coins please explain your actions..
The block reward rate does not change yet the block reward changes with the price...... Is this fair?

What coin are you talking about? Some coins have set block rewards. If ten people pool their resource and the pool finds a block, each member gets a proportional reward. If they each contribute 1/10 then they get 1/10 of the reward. More people contributing means reduced rewards per block, but potentially more blocks to get rewards from. This can be predicted by using a mining calculator. Coin price is determined by the market. If it's a profitable in demand then more people will mine.

This isn't about being fair. It's about contributing to the overall network. For your efforts you get the chance to mine blocks. People that contribute more get more.

Undefined31415

sr. member

Activity: 336

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Gone phishing...

Quote from: Vann on December 29, 2017, 07:28:59 PM

Developers are programmers, not economists. The free market sets the value through price discovery on the open market.

^Essentially this.

The mining reward system was developed without regard to the perceived "value" of the coin.

Vann

hero member

Activity: 1036

Merit: 606

Developers are programmers, not economists. The free market sets the value through price discovery on the open market.

jackhashmine

newbie

Activity: 5

Merit: 0

lovely input ...... its obvious I know I need to learn a lot.
it is also obvious that you provide no information just your opinion. thanks matey
if you are not a developer who has been faced with that decision, then I will find it really difficult to see mere opinion as valid

xxcsu

hero member

Activity: 1498

Merit: 597

You need to learn a lot Grin

jackhashmine

newbie

Activity: 5

Merit: 0

Why have a white paper describing mining block rewards when the price of a coin often overrides the planned block reward??
Any developers of coins please explain your actions..
The block reward rate does not change yet the block reward changes with the price...... Is this fair?

Topic: Miner Reward Question (Read 168 times)