A year is too granular at first.
Maybe do a ten thousandth of a coin times the block height at first or something like that, with a starting difficulty high enough that no one single "single" or "mini-rig" or "avalon" could realistically make blocks fast enough to meet the target time, so that it will take many ten or twenty or fifty such devices just to manage to crank out coins as fast as they are ultimately targetted to.
Basically the rewards should take maybe a month or so to reach a point where if someone had used his farm of ten or twenty or first or whatever avalons for that whole month all by himself he would have maybe gained about one normal block's worth of coins, so by the time everyone has had a month to hear about it and plan on getting on board that initial pre-mining solo miner would only be in effect about one block ahead of them.
Of course if they had all gotten aboard at the start, their hundreds of Avalons and minirigs and so on would likely have chewed through those initial blocks in a matter of just a few days.
Basically aim to make it take lots of miners to get to a point where significant coin is being created.
-MarkM-
Topic: What's the most wanted coin generation method do you want? (Read 784 times)
Hi guys, I'm t rying to design a new coin and I wanna get some help from this forum.
Right now I'm trying to design the generation logic and method of the coin, following is my method:
1. one block per minute
2. First year 32 coins per block
3. From the second year, coins per block double, that means the second year 64 coins per block, the third year 128 coins per block
4. In the eleventh year, 8192 coins per block, this is the top
5. From the 12th year, coins per block reduce by half
6. In the 22th year, per block include 32 coins, then the number of coins per block wouldn't change forever.
In this logic, the total coins generated will be 17222860800(the first 22 years) + 168190 coins every year (From the 23rd year) .
How do u think about this method.
At first, the coins grow up, I wanna make this coin to be fair enough for later miners and users; And I don't want to limit the total number of the coin because I want to make this coin as similar as the real world money?
What's your suggestions? I wanna find a way that can be dynamic change the number of coins per block, maybe considering the compute difficulty and the whole net hash power.
Right now I'm trying to design the generation logic and method of the coin, following is my method:
1. one block per minute
2. First year 32 coins per block
3. From the second year, coins per block double, that means the second year 64 coins per block, the third year 128 coins per block
4. In the eleventh year, 8192 coins per block, this is the top
5. From the 12th year, coins per block reduce by half
6. In the 22th year, per block include 32 coins, then the number of coins per block wouldn't change forever.
In this logic, the total coins generated will be 17222860800(the first 22 years) + 168190 coins every year (From the 23rd year) .
How do u think about this method.
At first, the coins grow up, I wanna make this coin to be fair enough for later miners and users; And I don't want to limit the total number of the coin because I want to make this coin as similar as the real world money?
What's your suggestions? I wanna find a way that can be dynamic change the number of coins per block, maybe considering the compute difficulty and the whole net hash power.
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