Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?
If you use coin control, around 1 XMG every 10K coins a day.
theoretic its like 5%
but realistic its like 3% a year
because only below 50% of total coins compete for POS
the POS side of this coin is ultralow inflation of like 1.5% a year
the very high inflation is coming from the POW side and its exploitable mining rewards system
the only way to keep POW rewards low and stop inflation until joe fix it
would be place high POW mininghashrate in so rewards stay constant low
as long as people mine in waves the POW inflation is very high
How exactly is pow exploited ? I'm new to this coin.
XMG POW is unique in the idea that high network hashrate generate less POW blockreward
the origin of that idea was to remove a arms race in mining gear and allow each normal dude with a single CPU in his PC take part in mining
but clever people found out that there is a timewindow in the diff ajusting mining reward adjusting waves
where diff is high and rewards are high too
thats because the adjusting algorhytm of mining rewards reduction have a delay
so what happens is big miners with botnets or access to company unused CPU capacity or even private GPU miners
mine fast a few blocks with high rewards until rewards adjusting kicks in start to decrease the rewards
then stop mining and the normal 24/7 miners have to mine the high diff low reward blocks
this leads to a big share of POW coin rollout goes into hands of few who mine in waves
and the many 24/7 miners have to mine the low reward high diff blocks alone
i trust in joes abilities to fix POW and come closer to the original vision
