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It's sad to see these poor attempts at stability.
Having the same number of coins as a currency does not mean the coins will be worth the same. By your logic, Mooncoin (384,400,000,000 coins) should be worth 14 Euros each (5,400,000,000,000 Euros & Majorcoins). Are 5.4 trillion buttons worth 1 Euro each because there are only 5.4 of them?
Does the dev. team have at least 1 person with a business background?
I have an idea for a stable coin design, but no technical skills to execute it.
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I'm surprised they picked a static inflation coin amount per year, instead of a variable coin growth rate by using a fixed percentage of inflation. That is, 10 billion inflation after year 1 is 71% inflation, year 2 is 41%, year 3 is 29%.
It seems like a fixed percent of inflation (e.g. variable number of coins produced each year) would result in a more stable coin price and better unit of currency.
So 14 billion, then 2.1 billion (15%), then 2.4 billion, then 2.7 billion, etc. would achieve a more stable price.
Anyone up for making a clone?
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Does the math add up?
My calculations shows the payout maxes out around 37 Billion coins. Where's the other 13 Billion of 50 Billion coins?
Payout halves every 30,000 blocks
Average payout for first 30,000 blocks: 625,000.5 coins/block (e.g. between 1 and 1,250,000 coins / block)
Payout for first set of 30,000 blocks: 18,750,015,000 coins
Block Set 2: 9,375,007,500. Total Blocks: 28,125,022,500
Block Set 3: 4,687,503,750. Total Blocks: 32,812,526,250
Block Set 4: 2,343,751,875. Total Blocks: 35,156,278,125
Block Set 5: 1,171,875,938. Total Blocks: 36,328,154,063
Block Set 6: 585,937,969. Total Blocks: 36,914,092,031
Block Set 7: 292,968,984. Total Blocks: 37,207,061,016
Block Set 8: 146,484,492. Total Blocks: 37,353,545,508
Block Set 9: 73,242,246. Total Blocks: 37,426,787,754
Block Set 10: 36,621,123. Total Blocks: 37,463,408,877
Block Set 11: 18,310,562. Total Blocks: 37,481,719,438
Block Set 12: 9,155,281. Total Blocks: 37,490,874,719
Block Set 13: 4,577,640. Total Blocks: 37,495,452,360 (Year 1)
Block Set 14: 2,288,820. Total Blocks: 37,497,741,180
Block Set 15: 1,144,410. Total Blocks: 37,498,885,590
Block Set 16: 572,205. Total Blocks: 37,499,457,795
Block Set 17: 286,103. Total Blocks: 37,499,743,897
Block Set 18: 143,051. Total Blocks: 37,499,886,949
Block Set 19: 71,526. Total Blocks: 37,499,958,474
Block Set 20: 35,763. Total Blocks: 37,499,994,237
Block Set 21: 17,881. Total Blocks: 37,500,012,119
Block Set 22: 8,941. Total Blocks: 37,500,021,059
Block Set 23: 4,470. Total Blocks: 37,500,025,530
Block Set 24: 2,235. Total Blocks: 37,500,027,765
Block Set 25: 1,118. Total Blocks: 37,500,028,882
Block Set 26: 559. Total Blocks: 37,500,029,441 (Year 2)
Block Set 27: 279. Total Blocks: 37,500,029,721
Block Set 28: 140. Total Blocks: 37,500,029,860
Block Set 29: 70. Total Blocks: 37,500,029,930
Block Set 30: 35. Total Blocks: 37,500,029,965
... it quickly drops down to 0 coins / 30k blocks.
Maxes out around 37 Billion coins. Where's the other 13 Billion / 50 Billion?
You cant calculate it like this. Since block dosent have fixed value and dont forget the 1% (anytime) of double reward from block. The law of averages says you can calculate it like that. Unless you're not using the random payout calculator that's implied with the original post. If you insist on that the 1% 2x payout is going to make up for those 13 billion coins... you're wrong. The 1% double payout is equally as likely to payout 2 coins for a 1 count block as it is to payout 2,500,000 coins for a 1,250,000 block. Therefore, the average 2x payout (between 2 - 2,500,000) is 1,250,000 coins. The likelihood of a 2x payout is 1%. Ergo the expected value of 2x payouts: 12,500 coins. So taking the 1% doubling into account: The average block value for the first set of blocks will be near 637,500.51 (e.g. 625,000.5 * 1% * 2 + 625,000.5 => 12,500.01 + 625,000.5 = 637,500.51). Don't believe statistics? Try the math yourself in excel: =RANDBETWEEN(1,1250000)*IF(RANDBETWEEN(1,100)=1,2,1) Copy that equation down 30k cells and take the average of those cells. Run it as many times as you'd like and look at the average. Look at the sum while you're at it. The very highest payout average I found after dozens of times running it was an average of 638,076.75 coins/ block payout, or a total payout for 30k blocks of 19,142,302,351. Most of the payouts from my simulation were less than 638k.. around 630k, 362k. Using an average of 637,500.51 coins/blocks for the first set of blocks still leaves you short: the max coin payout maxes out around 38,250,030,600 coins / 50 billion. Leaving about 11 billion coins unanswered. |
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Does the math add up?
My calculations shows the payout maxes out around 37 Billion coins. Where's the other 13 Billion of 50 Billion coins?
Payout halves every 30,000 blocks
Average payout for first 30,000 blocks: 625,000.5 coins/block (e.g. between 1 and 1,250,000 coins / block)
Payout for first set of 30,000 blocks: 18,750,015,000 coins
Block Set 2: 9,375,007,500. Total Blocks: 28,125,022,500
Block Set 3: 4,687,503,750. Total Blocks: 32,812,526,250
Block Set 4: 2,343,751,875. Total Blocks: 35,156,278,125
Block Set 5: 1,171,875,938. Total Blocks: 36,328,154,063
Block Set 6: 585,937,969. Total Blocks: 36,914,092,031
Block Set 7: 292,968,984. Total Blocks: 37,207,061,016
Block Set 8: 146,484,492. Total Blocks: 37,353,545,508
Block Set 9: 73,242,246. Total Blocks: 37,426,787,754
Block Set 10: 36,621,123. Total Blocks: 37,463,408,877
Block Set 11: 18,310,562. Total Blocks: 37,481,719,438
Block Set 12: 9,155,281. Total Blocks: 37,490,874,719
Block Set 13: 4,577,640. Total Blocks: 37,495,452,360 (Year 1)
Block Set 14: 2,288,820. Total Blocks: 37,497,741,180
Block Set 15: 1,144,410. Total Blocks: 37,498,885,590
Block Set 16: 572,205. Total Blocks: 37,499,457,795
Block Set 17: 286,103. Total Blocks: 37,499,743,897
Block Set 18: 143,051. Total Blocks: 37,499,886,949
Block Set 19: 71,526. Total Blocks: 37,499,958,474
Block Set 20: 35,763. Total Blocks: 37,499,994,237
Block Set 21: 17,881. Total Blocks: 37,500,012,119
Block Set 22: 8,941. Total Blocks: 37,500,021,059
Block Set 23: 4,470. Total Blocks: 37,500,025,530
Block Set 24: 2,235. Total Blocks: 37,500,027,765
Block Set 25: 1,118. Total Blocks: 37,500,028,882
Block Set 26: 559. Total Blocks: 37,500,029,441 (Year 2)
Block Set 27: 279. Total Blocks: 37,500,029,721
Block Set 28: 140. Total Blocks: 37,500,029,860
Block Set 29: 70. Total Blocks: 37,500,029,930
Block Set 30: 35. Total Blocks: 37,500,029,965
... it quickly drops down to 0 coins / 30k blocks.
Maxes out around 37 Billion coins. Where's the other 13 Billion / 50 Billion?
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Doge to the Moon? That's our home base!
Add Alien Coin to Cryptsy!!
Mining Nvidia GeForce GTX 660 Ti @ 270kH/s @ aln.luckyminers.
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