108 Million coins mined per month??? Whats the purpose of this coin if the inflation is ridiculously high? i mean it's a lose lose for anyone buying and holding this coin right?
Very important what's the inflation on this coin? How many coins are created per month? I bought some coins I want to make sure in a month or a year those coins will go up in value and not down because of inflation
Since block reward random, a little bit hard to calculate, but maybe this raw math can help
max supply = 500.000.000
total POW = 200.000
average coins per block = 2500
let assume block time 60 seconds, i can't find how much block time,
so in a day, there will be 1440 block mined = 3.600.000
in a month = 108 Mil
Please note, this is just raw math, there is much factor which affect, like nethash rate, miner lucky, etc
so the coins mined everyday maybe more or maybe less.
EDIT : with current nethash around 30 GHz - 50 GHz, i doubt we can mining much like that, maybe around 500k - 1 Mil coins per day
on suprnova the average value per block is lower than 2500, it's like 1500, and i don't know about the block time but if it's 1 minute, this is 2M per days and 60M per month not 108 millions
Well yes, and I'm expecting the hashing rates to bump significantly in the future. At current rates 2.5K per block is still a lot. Inflation is there and will surely impact the future of condensate. To avoid this, reduce the reward to 250 coins or even more, otherwise the chances are that supply will grow exponentially which is not what most of you so badly desire.
