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Re: The answer to the question what the final coin amount of Ethereum will be
February 02, 2016, 09:39:29 AM
Reply with quote #20
Quote from: OrphanedGland on January 31, 2016, 04:12:02 AM
Quote from: tyz on January 29, 2016, 07:55:43 PM
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
...
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
Technically incorrect, PoW difficulty increases exponentially after 1 year, causing the block interval to increase and block creation to essentially cease. Before then a hard fork is to be issued, likely to PoS / Casper. No details are set in stone, however a 1500 coin staking minimum has been suggested. The PoS monetary policy is TBD, could be tx fees + inflation or processing fees only, subject to security considerations.
https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08wo
This is essentially what I have written in my post but I see that people keep with their own false opinions!
"From: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/
Difficulty adjustment scheme
A lot of you have been wondering how we would implement a switch from PoW to PoS in time for Serenity. This will be handled by the newly introduced difficulty adjustment scheme, which elegantly guarantees a hard-fork point in the next 16 months.
It works as follow: starting from block 200,000 (very roughly 17 days from now), the difficulty will undergo an exponential increase which will only become noticeable in about a year. At that point (just around the release of the Serenity milestone), we’ll see a significant increase in difficulty which will start pushing the block resolution time upwards.
So, a year on, the network will continue to be useful for roughly 3-4 months, but eventually will reach an ‘Ice Age’ of sorts: the difficulty will simply be too high for anyone to find a block. This will allow us to introduce PoS, perhaps via Casper, if it proves itself.
A simple calculation takes you that this POS change will be introduced somewhere in December of 2016. You can all calculate how many Ethers we will have until this date"
not very clear for me even if details.
pardon me but i am a newbie.
also i saw that we are near 1 million blocks, so the speed should be reduced now, and not at the end of 2016.
Topic: The answer to the question what the final coin amount of Ethereum will be (Read 2969 times)
February 13, 2016, 06:45:41 AM
February 11, 2016, 05:54:30 PM
Need I to say that this thread is a complete BS and that OP is completely misinformed!Yes, this was an initial plan to have unlimited supply but this has been changed and the complete supply will be between 90-100M with a very small inflation and this will be introduced with the POS change and Serenity release.
Here is another post of mine that leads to further links that need to be studied where Devs announce this change of plan:
https://bitcointalksearch.org/topic/m.13721421
It's sad to see that one hero member spreads such disinformations as he has presented them in this thread.
And yes, I agree, with the unlimited supply there was no sense investing in Ethereum. With the change in plan and the change in a distribution, Ethereum also becomes a valuable asset and if the devs deliver promised and Ethereum works as imagined, it will also become a fierce Bitcoin competitor as a store of value and a currency, on the top of it smart contract platform as it was designed in the first place.
Something that many die hard bitcoiners are afraid off in the last few weeks as I can see in many threads, especially as Bitcoin keeps taking a wrong path and destroys itself in a nonsense civil war about the simple block size increase.
Here is another post of mine that leads to further links that need to be studied where Devs announce this change of plan:
https://bitcointalksearch.org/topic/m.13721421
It's sad to see that one hero member spreads such disinformations as he has presented them in this thread.
And yes, I agree, with the unlimited supply there was no sense investing in Ethereum. With the change in plan and the change in a distribution, Ethereum also becomes a valuable asset and if the devs deliver promised and Ethereum works as imagined, it will also become a fierce Bitcoin competitor as a store of value and a currency, on the top of it smart contract platform as it was designed in the first place.
Something that many die hard bitcoiners are afraid off in the last few weeks as I can see in many threads, especially as Bitcoin keeps taking a wrong path and destroys itself in a nonsense civil war about the simple block size increase.
Thanks for clarifying. The OP should be amended or thread locked as its misinformation.
February 11, 2016, 05:50:00 PM
So far I've seen nothing etched in gold as far as numbers go and this is unsettling.
As it should.
I am long on Ethereum, but this is something I am paying close attention to.
There are still a number of details about the Proof of Stake switch that we need in order to better evaluate the platform.
At this point, the price is all speculation. Honestly, I'd prefer all the BTC traders stay the hell out until more details are settled. This is only going to lead to wild volatility. Plus, I was quite happy accumulating Ether at .003 and wanted to stockpile more
February 11, 2016, 05:47:57 PM
I think you need to mine them (PoW)
There is even a special Ether mining Computer available. But its difficult to be profitable with normal electricity costs.
There is even a special Ether mining Computer available. But its difficult to be profitable with normal electricity costs.
Where do you buy it?
Kraken is a good place to buy.
February 11, 2016, 05:44:42 PM
Ok. Let's get this straight.
The OP's numbers are from the original "plan" where a billion+ eth would be eventually produced. Correct?
According to another poster the "plan" has changed to limit the final number from 90 to 100 million with some inflation. Correct?
Does anyone know if the "plan" has changed again?
Will eth devs have the ability to change coin production at will or as needed?
So far I've seen nothing etched in gold as far as numbers go and this is unsettling.
Not sure but it's doubled my 10 bitcoin!!! The OP's numbers are from the original "plan" where a billion+ eth would be eventually produced. Correct?
According to another poster the "plan" has changed to limit the final number from 90 to 100 million with some inflation. Correct?
Does anyone know if the "plan" has changed again?
Will eth devs have the ability to change coin production at will or as needed?
So far I've seen nothing etched in gold as far as numbers go and this is unsettling.
February 11, 2016, 05:41:14 PM
Ok. Let's get this straight.
The OP's numbers are from the original "plan" where a billion+ eth would be eventually produced. Correct?
According to another poster the "plan" has changed to limit the final number from 90 to 100 million with some inflation. Correct?
Does anyone know if the "plan" has changed again?
Will eth devs have the ability to change coin production at will or as needed?
So far I've seen nothing etched in gold as far as numbers go and this is unsettling.
The OP's numbers are from the original "plan" where a billion+ eth would be eventually produced. Correct?
According to another poster the "plan" has changed to limit the final number from 90 to 100 million with some inflation. Correct?
Does anyone know if the "plan" has changed again?
Will eth devs have the ability to change coin production at will or as needed?
So far I've seen nothing etched in gold as far as numbers go and this is unsettling.
February 02, 2016, 07:22:30 AM
Thanks for your posts zmhaha
February 02, 2016, 04:39:29 AM
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
...
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
...
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
Technically incorrect, PoW difficulty increases exponentially after 1 year, causing the block interval to increase and block creation to essentially cease. Before then a hard fork is to be issued, likely to PoS / Casper. No details are set in stone, however a 1500 coin staking minimum has been suggested. The PoS monetary policy is TBD, could be tx fees + inflation or processing fees only, subject to security considerations.
https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08wo
This is essentially what I have written in my post but I see that people keep with their own false opinions!
From: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/
Difficulty adjustment scheme
A lot of you have been wondering how we would implement a switch from PoW to PoS in time for Serenity. This will be handled by the newly introduced difficulty adjustment scheme, which elegantly guarantees a hard-fork point in the next 16 months.
It works as follow: starting from block 200,000 (very roughly 17 days from now), the difficulty will undergo an exponential increase which will only become noticeable in about a year. At that point (just around the release of the Serenity milestone), we’ll see a significant increase in difficulty which will start pushing the block resolution time upwards.
So, a year on, the network will continue to be useful for roughly 3-4 months, but eventually will reach an ‘Ice Age’ of sorts: the difficulty will simply be too high for anyone to find a block. This will allow us to introduce PoS, perhaps via Casper, if it proves itself.
A simple calculation takes you that this POS change will be introduced somewhere in December of 2016. You can all calculate how many Ethers we will have until this date
February 02, 2016, 04:23:28 AM
Need I to say that this thread is a complete BS and that OP is completely misinformed!Yes, this was an initial plan to have unlimited supply but this has been changed and the complete supply will be between 90-100M with a very small inflation and this will be introduced with the POS change and Serenity release.
Here is another post of mine that leads to further links that need to be studied where Devs announce this change of plan:
https://bitcointalksearch.org/topic/m.13721421
It's sad to see that one hero member spreads such disinformations as he has presented them in this thread.
And yes, I agree, with the unlimited supply there was no sense investing in Ethereum. With the change in plan and the change in a distribution, Ethereum also becomes a valuable asset and if the devs deliver promised and Ethereum works as imagined, it will also become a fierce Bitcoin competitor as a store of value and a currency, on the top of it smart contract platform as it was designed in the first place.
Something that many die hard bitcoiners are afraid off in the last few weeks as I can see in many threads, especially as Bitcoin keeps taking a wrong path and destroys itself in a nonsense civil war about the simple block size increase.
Here is another post of mine that leads to further links that need to be studied where Devs announce this change of plan:
https://bitcointalksearch.org/topic/m.13721421
It's sad to see that one hero member spreads such disinformations as he has presented them in this thread.
And yes, I agree, with the unlimited supply there was no sense investing in Ethereum. With the change in plan and the change in a distribution, Ethereum also becomes a valuable asset and if the devs deliver promised and Ethereum works as imagined, it will also become a fierce Bitcoin competitor as a store of value and a currency, on the top of it smart contract platform as it was designed in the first place.
Something that many die hard bitcoiners are afraid off in the last few weeks as I can see in many threads, especially as Bitcoin keeps taking a wrong path and destroys itself in a nonsense civil war about the simple block size increase.
February 01, 2016, 12:41:45 PM
where does 26% inflation in the first year, because POW is not inflation but mining?
February 01, 2016, 09:10:20 AM
There is actually no formula. The algorithm creates exactly 15,626,576 new units each year. Since the ratio between total existing coins and the constant newly created coins becomes bigger, the inflation decreases from year to year.
Nice results, where is the formula?
POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
Nice results, where is the formula?
POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
ICE AGE
https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/
Thanks for the link, makes it clearer how the switch is gonna happen.
It will be interesting to see, if they can find solutions for the problems of having a PoS system.
February 01, 2016, 09:02:11 AM
So if the original post is right (which I assume is) there is less and less inflation as we go on in time. As Eth future is uncertain, that might make someone to think that it is better to wait a bit to hold, as ETH you get now will be more inflated.
February 01, 2016, 07:57:09 AM
There is actually no formula. The algorithm creates exactly 15,626,576 new units each year. Since the ratio between total existing coins and the constant newly created coins becomes bigger, the inflation decreases from year to year.
Nice results, where is the formula?
POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
Nice results, where is the formula?
POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
ICE AGE
https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/
January 31, 2016, 05:47:42 AM
There is actually no formula. The algorithm creates exactly 15,626,576 new units each year. Since the ratio between total existing coins and the constant newly created coins becomes bigger, the inflation decreases from year to year.
Nice results, where is the formula?
POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
Nice results, where is the formula?
POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
January 30, 2016, 11:41:07 PM
Once we know the amount , we will be able, by various calculations to know precisely what Ether is worth, and will therefore be compelled to sell.
January 30, 2016, 11:12:02 PM
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
...
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
...
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
Technically incorrect, PoW difficulty increases exponentially after 1 year, causing the block interval to increase and block creation to essentially cease. Before then a hard fork is to be issued, likely to PoS / Casper. No details are set in stone, however a 1500 coin staking minimum has been suggested. The PoS monetary policy is TBD, could be tx fees + inflation or processing fees only, subject to security considerations.
https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08wo
January 30, 2016, 08:46:22 PM
Sell this shit before it's too late!
January 30, 2016, 07:02:30 PM
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
Nice results, where is the formula?
POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
January 30, 2016, 06:53:42 PM
Ponzi scam
January 30, 2016, 11:17:37 AM
Only 4 years to completely double the supply. Wow, fuck ever trying to hold this one. Lol
Whete did they buy their maths from? The Goldmansachs playbook of fuckery?
Whete did they buy their maths from? The Goldmansachs playbook of fuckery?
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