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October 10, 2016, 07:15:53 AM |
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Hi guys,
I would like to ask all experts here on the matter of block reward in proof of stake.
In Proof of work eg Bitcoin. Block rewards are starts off at 50 and at block 210000 halves to 25. Of course the duration that happens can be estimated according to how fast a block is mined each min.
So my question comes, in proof of stake, which most coins promises an percentage interest from mining, when a wallet successfully mines, what is the actual number the block reward gives? Is it designed to say give the percentage divided by the current duration to let it hit its annual interest percentage?
I have tested a POS wallet with an annual interest of 50% which works out to 0.137% a day and through observation, i have seen the rewards are not consistent also i would think theere might be a compounding effect
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