Going to go over some things for upcoming source update/ possible rewrite. We forked once. I hate that. We may have to fork one more time IF its necessary. If we fork then maybe its a complete rewrite. Further discussion on this after we agree on PoW
We are at block 426000
PoW block reward halves 525600 blocks
Is that low enough to keep POW or do we just go lower? We could keep it if we change algo? But for what we are, anyone should mine it easily I feel. Long term thinking on my part.
I know traders want instant gratification. I welcome and want your input too.
1440 blocks daily
50 per block 60 sec = 72 000 COXST mined daily
25 per block 60 sec = 36 000 COXST mined daily
10 per block 60 sec = 14 400 COXST mined daily
5 per block 60 sec = 7 200 COXST mined daily
1 per block 60 sec = 1 440 COXST mined daily
,5 per block 60 sec = 720 COXST mined daily
,25 per block 60 sec = 360 COXST mined daily
,1 per block 60 sec = 180 COXST mined daily
One of the major factors behind price is "Total supply". PoW has done most of its job now, which is making and spreading coins.
If you want price to start moving up, you need to
hand it over to the traders market, not the miners.That means either removing PoW rewards, or slaughtering it.
Slaughtering it would imply it wont be profitable at all to mine it until the price is wayyy higher.
But it will also stop the daily dumping, which bleeds many coins out in the end.
And do NOT worry about the fork. The only reason forking has gotten a bad rep lately is because of the ETH-fork.
The reasons and arguments behind it is the problem, not the fork.
COXST is not forking because of some DAO fuckup