Progress report:
-Change the blockreward
As you know the current model turned out to be unsustainable,so we had to take action to ensure the interest of everyone.In this original model the daily supply is 144000 as opposed to LTC`s 25000.This means there has to be at least 6 times more demand for UTC then there is for LTC.This is an unrealistic expectation for a new coin,aswell as having 52% of the total coins mined in the first year.
We are taking an eco friendly route and all mining will be completed within 6 years time from now,we will have a blockreward of 15 for 4 years, and then a blockreward of 10 for 2 years.After this 6 year perdiod we are transitioning into 100% pos,and 10 million UTC will be distributes as POS rewards.
I beg your pardon. My translator translates badly so I do not quite understand the meaning. You're talking about reducing the volumes of coins miners, or that soon the miners will receive many times more coins than it is now? Say, now, I get a day at a speed of 350 coins ("+ - " 400kH/s) How much will I get coins after this update blockreward? More or less than this value, consider the complexity of course constantly.
Thanks in advance for your reply.
Hey! Have I asked the question so complex that it no one can give an answer? Dear,
bumface, please give an explanation.