@contraband,
Let's be honest.
This interest in your coin and the support of the community of miners is only for one reason. The reason is in the award for the block.
Now it ranges from 7500 to 7900 coins.
That is why at the very beginning some miners earned very well when the complexity of the network was minimal. It is for this reason that ordinary miners now have a small income. Today, buyers of the power of Nicehash have superprofits.
If your team developed a reward in the region of 30-100 coins per block, then from the community of miners you would not receive support.
Or am I wrong?
You cant look at block reward alone, it is a balance between hash power/difficulty, block reward and price which all affect one another, the same as any other coin. To say that the numer of coins that are given as a block reward alone determines miner support/reward is not correct.
You are cunning)))
Here is the very first payment with
https://eupool.electroneum.com/#payments30.10.2017, 15:16:15 d5a8f562ae5fa1682f1bd92b260557adba84b0d477b87a4fb5fd0a6637eeddee
7689.00 0.01 0
1https://blockexplorer.electroneum.com/tx/d5a8f562ae5fa1682f1bd92b260557adba84b0d477b87a4fb5fd0a6637eeddeeAnd this award has remained !!! within the limits of 7500-7900
Honest coins, for example
http://krb.mypool.online/ have a reward of 20 coins, Monero 6 coins and so on
That's why you brag about your achievements:
Please Note!!
Another Record!!
In the first 12 hours we hadd 20,000 miners up and running. Thanks again to all our dedicated loyal users!!!
Everybody wanted a freebieWhere I can see the schedule of rewards for the block? When will the rewards be reduced?
The blockchain always adjusts the block rewards.
Adaptive limits
A decentralized payment system must not depend on a single person’s decisions, even if this person is a core
developer. Hard constants and magic numbers in the code deter the system’s evolution and therefore should be
eliminated (or at least be cut down to the minimum). Every crucial limit (like max block size or min fee amount)
should be re-calculated based on the system’s previous state. Therefore, it always changes adaptively and
independently, allowing the network to develop on it’s own.
Electroneum’s CryptoNote has the following parameters which adjust automatically for each new block:
1. Difficulty. The general idea of our algorithm is to sum all the work that nodes have performed during the
last 720 blocks and divide it by the time they have spent to accomplish it. The measure of the work is the
corresponding difficulty value for each of the blocks. The time is calculated as follows: sort all the 720
timestamps and cut-off 20% of the outliers. The range of the rest 600 values is the time which was spent for
80% of the corresponding blocks.
2. Max block size. Let MN be the median value of the last N blocks sizes. Then the “hard-limit” for the size of
accepting blocks is 2*MN. It averts blockchain bloating but still allows the limit to slowly grow with the time if
necessary. Transaction size does not need to be limited explicitly. It is bounded by the size of the block.
Smooth emission
The upper bound for the overall amount of all digital coins is also digital:
MSupply = 264 − 1 atomic units
This is a natural restriction based only on the implementation limits, not on intuition like “N coins ought to be
enough for everybody”. To make the emission process smoother electroneum’s CryptoNote uses the following
formula for block rewards:
BaseReward = (MSupply − A) >> 18
Where A is amount of previously generated coins. It gives a predictable growth of the money supply without any
breakpoints.