Bitcoin Forum
October 31, 2024, 05:34:04 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Seeking a mathematical equation! (Block Reward Halving)  (Read 407 times)
Gleb Gamow (OP)
In memoriam
VIP
Legendary
*
Offline Offline

Activity: 1428
Merit: 1145



View Profile
July 06, 2014, 03:40:09 PM
 #1

I'm looking an equation to plug in variables to calculate the following.

Depict the total supply of X coins to be accomplished in Y years, halving in Z days/years.

Example:

Total Supply: 100M coins
Block Target: 5 minutes
Block Reward: 100 coins
Block Reward Halves in: ? (days/years)
Total years till last block is hashed: 20 years
Premine: 0

The halving aspect is what I'm having trouble calculating and assume(?) the equation I'm requesting may incorporate the sigma symbol. Once I have the equation, I'll know how to use it.

To be clear, I'm seeking the formula to calculate the exact interval halving time frame to mine X coins in Y years with block target of M minutes and block reward of C coins.

Thanks in advance, all.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!