Bitcoin Forum
April 23, 2024, 06:44:48 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: The answer to the question what the final coin amount of Ethereum will be  (Read 2928 times)
tyz (OP)
Legendary
*
Offline Offline

Activity: 3360
Merit: 1530



View Profile
January 29, 2016, 07:55:43 PM
 #1

It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.

I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.

   Year      Existing Amount      Inflation   
   0      60,102,216      -   
   1      75,728,792      26,00%   
   2      91,355,368      20,63%   
   3      106,981,944      17,11%   
   4      122,608,520      14,61%   
   5      138,235,096      12,75%   
   6      153,861,672      11,30%   
   7      169,488,248      10,16%   
   8      185,114,824      9,22%   
   9      200,741,400      8,44%   
   10      216,367,976      7,78%   
   11      231,994,552      7,22%   
   12      247,621,128      6,74%   
   13      263,247,704      6,31%   
   14      278,874,280      5,94%   
   15      294,500,856      5,60%   
   16      310,127,432      5,31%   
   17      325,754,008      5,04%   
   18      341,380,584      4,80%   
   19      357,007,160      4,58%   
   20      372,633,736      4,38%   
   21      388,260,312      4,19%   
   22      403,886,888      4,02%   
   23      419,513,464      3,87%   
   24      435,140,040      3,72%   
   25      450,766,616      3,59%   
   26      466,393,192      3,47%   
   27      482,019,768      3,35%   
   28      497,646,344      3,24%   
   29      513,272,920      3,14%   
   30      528,899,496      3,04%   
   31      544,526,072      2,95%   
   32      560,152,648      2,87%   
   33      575,779,224      2,79%   
   34      591,405,800      2,71%   
   35      607,032,376      2,64%   
   36      622,658,952      2,57%   
   37      638,285,528      2,51%   
   38      653,912,104      2,45%   
   39      669,538,680      2,39%   
   40      685,165,256      2,33%   
   41      700,791,832      2,28%   
   42      716,418,408      2,23%   
   43      732,044,984      2,18%   
   44      747,671,560      2,13%   
   45      763,298,136      2,09%   
   46      778,924,712      2,05%   
   47      794,551,288      2,01%   
   48      810,177,864      1,97%   
   49      825,804,440      1,93%   
   50      841,431,016      1,89%   
   51      857,057,592      1,86%   
   52      872,684,168      1,82%   
   53      888,310,744      1,79%   
   54      903,937,320      1,76%   
   55      919,563,896      1,73%   
   56      935,190,472      1,70%   
   57      950,817,048      1,67%   
   58      966,443,624      1,64%   
   59      982,070,200      1,62%   
   60      997,696,776      1,59%   
   61      1,013,323,352      1,57%   
   62      1,028,949,928      1,54%   
   63      1,044,576,504      1,52%   
   64      1,060,203,080      1,50%   
   65      1,075,829,656      1,47%   
   66      1,091,456,232      1,45%   
   67      1,107,082,808      1,43%   
   68      1,122,709,384      1,41%   
   69      1,138,335,960      1,39%   
   70      1,153,962,536      1,37%   
   71      1,169,589,112      1,35%   
   72      1,185,215,688      1,34%   
   73      1,200,842,264      1,32%   
   74      1,216,468,840      1,30%   
   75      1,232,095,416      1,28%   
   76      1,247,721,992      1,27%   
   77      1,263,348,568      1,25%   
   78      1,278,975,144      1,24%   
   79      1,294,601,720      1,22%   
   80      1,310,228,296      1,21%   
   81      1,325,854,872      1,19%   
   82      1,341,481,448      1,18%   
   83      1,357,108,024      1,16%   
   84      1,372,734,600      1,15%   
   85      1,388,361,176      1,14%   
   86      1,403,987,752      1,13%   
   87      1,419,614,328      1,11%   
   88      1,435,240,904      1,10%   
   89      1,450,867,480      1,09%   
   90      1,466,494,056      1,08%   
   91      1,482,120,632      1,07%   
   92      1,497,747,208      1,05%   
   93      1,513,373,784      1,04%   
   94      1,529,000,360      1,03%   
   95      1,544,626,936      1,02%   
   96      1,560,253,512      1,01%   
   97      1,575,880,088      1,00%   
   98      1,591,506,664      0,99%   
   99      1,607,133,240      0,98%   
   100      1,622,759,816      0,97%   
to be continued...


As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
1713897888
Hero Member
*
Offline Offline

Posts: 1713897888

View Profile Personal Message (Offline)

Ignore
1713897888
Reply with quote  #2

1713897888
Report to moderator
If you want to be a moderator, report many posts with accuracy. You will be noticed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
gravitate
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000


View Profile
January 29, 2016, 08:40:04 PM
 #2

Interestong... Anyone know how to POS or if we can in the future?

To peel or not to peel.
Richard1972x
Full Member
***
Offline Offline

Activity: 224
Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
January 29, 2016, 08:56:04 PM
 #3

I think you need to mine them (PoW)
There is even a special Ether mining Computer available. But its difficult to be profitable with normal electricity costs.

gravitate
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000


View Profile
January 29, 2016, 09:08:54 PM
 #4

I think you need to mine them (PoW)
There is even a special Ether mining Computer available. But its difficult to be profitable with normal electricity costs.

Where do you buy it?

To peel or not to peel.
robelneo
Legendary
*
Offline Offline

Activity: 3220
Merit: 1202


Bons.io Telegram Casino


View Profile WWW
January 30, 2016, 07:04:08 AM
 #5

I would love to mine ethereum but my rigs is not yet set up,instead I am using ethereum to get a few of it I wish there would be more ehereum faucets coming up many are now looking for it,and since it's a very promising somebody should set it up,would love to see it on faucetbox groups of faucets one of this days..


        █████████████████      ███████████████    ██████████  ████████    █████████████
    █    ███████   ███████  ████████      █████  ███████████ ████████    ██████   ██████ 
        █████████   ███████  ████████      █████  ████████████████████  ████████   ▀▀▀▀▀▀
   ▅▅  ████████   ███████  ████████      █████  ████████████████████  ████████
  █  ▀▀  ████████████████    ████████      █████  ████████████████████    ██████████████
     ▅▅████████   ███████  ████████      █████  ████████████████████              █████   
       ▀▀████████   ███████  ████████      █████  ████████████████████  ▄▄▄▄▄▄      █████
▅▅▅▅▄ ████████   ███████  ████████      █████  ████████ ███████████  ▀▀██████████████
        █████████████████     ████████████████   ████████ ███████████    ▀▀▀██████████


Your Intro
Telegram Casino
to Fun & Entertainment
The Next-Gen
Gaming Space
     ▃▃▃▃▃▃▃▃▃▃▃▃▃
  ▄▄█████████████▄▄
██▀               ▀████▄
                       ██
   ██            ■■    ██
 ██████        ■■  ■■  ███
   ██    ▀ ▀     ■■    ███     
     ▃▃▃▃▃▃▃▃▃▃        ██
    █████████████      ██
    ██          ████████▀
████▀           ▀█████▀
gravitate
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000


View Profile
January 30, 2016, 07:27:41 AM
 #6

I would love to mine ethereum but my rigs is not yet set up,instead I am using ethereum to get a few of it I wish there would be more ehereum faucets coming up many are now looking for it,and since it's a very promising somebody should set it up,would love to see it on faucetbox groups of faucets one of this days..


What ALog is ETH?

To peel or not to peel.
tyz (OP)
Legendary
*
Offline Offline

Activity: 3360
Merit: 1530



View Profile
January 30, 2016, 03:54:46 PM
 #7

Currently, you need really good technical skills in order to mine Ether. I hope that the devs will release a better mining and wallet software soon. This would push the mining power because many news miners (with less technical skills) will come on board.

I would love to mine ethereum but my rigs is not yet set up,instead I am using ethereum to get a few of it I wish there would be more ehereum faucets coming up many are now looking for it,and since it's a very promising somebody should set it up,would love to see it on faucetbox groups of faucets one of this days..
crypto jerk
Full Member
***
Offline Offline

Activity: 236
Merit: 100


View Profile
January 30, 2016, 04:17:37 PM
 #8

Only 4 years to completely double the supply. Wow, fuck ever trying to hold this one. Lol


Whete did they buy their maths from? The Goldmansachs playbook of fuckery?
Djinou94
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


View Profile
January 30, 2016, 11:53:42 PM
 #9

Ponzi scam
Tulsene
Member
**
Offline Offline

Activity: 81
Merit: 10

..|..


View Profile
January 31, 2016, 12:02:30 AM
 #10

It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.

I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.

As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).

Nice results, where is the formula?

POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
houlala1
Full Member
***
Offline Offline

Activity: 179
Merit: 100


View Profile
January 31, 2016, 01:46:22 AM
 #11

Sell this shit before it's too late!
OrphanedGland
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
January 31, 2016, 04:12:02 AM
 #12

It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.

I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.

...

As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).

Technically incorrect, PoW difficulty increases exponentially after 1 year, causing the block interval to increase and block creation to essentially cease.  Before then a hard fork is to be issued, likely to PoS / Casper.  No details are set in stone, however a 1500 coin staking minimum has been suggested.  The PoS monetary policy is TBD, could be tx fees + inflation or processing fees only, subject to security considerations.

https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08wo
adhitthana
Legendary
*
Offline Offline

Activity: 1190
Merit: 1000



View Profile
January 31, 2016, 04:41:07 AM
 #13

Once we know the amount , we will be able, by various calculations to know precisely what Ether is worth, and will therefore be compelled to sell.
tyz (OP)
Legendary
*
Offline Offline

Activity: 3360
Merit: 1530



View Profile
January 31, 2016, 10:47:42 AM
 #14

There is actually no formula. The algorithm creates exactly 15,626,576 new units each year. Since the ratio between total existing coins and the constant newly created coins becomes bigger, the inflation decreases from year to year.

It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.

I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.

As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).

Nice results, where is the formula?

POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...
ffmad
Legendary
*
Offline Offline

Activity: 868
Merit: 1006



View Profile WWW
February 01, 2016, 12:57:09 PM
 #15

There is actually no formula. The algorithm creates exactly 15,626,576 new units each year. Since the ratio between total existing coins and the constant newly created coins becomes bigger, the inflation decreases from year to year.

It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.

I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.

As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).

Nice results, where is the formula?

POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...

ICE AGE

https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/

▄▄████████████████████▄▄
██████▀▀▀▀▀▀▀▀▀▀▀▀▀▀██████
████▀                  ▀████
███▀   ▄████████████▄   ▀███
███    ██████████████    ███
███    ████      ████    ███
███    ████      ████    ███
███    ████      ████    ███
███    ██████████████    ███
███    █████████████▀   ▄███
███    ████            ▄████
██    ████▄▄▄▄▄▄▄▄▄▄██████
▀█▄  ▀████████████████▀▀
fparticlf█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█ ▀ ▀ ▀                    █
█                          █
█    ▀▀█▄                  █
█       █▀▀▀▀▀▀▀▀▀▀▀█      █
█        █▄       ▄█▀      █
█         █▄▄▄▄▄▄█▀        █
█          █▄▄▄▄▄▄▄▄▄      █
█      ▄▄▄▄▄▄▄▄▄▄▄▄▄█      █
█       █▀█      █▀█       █
█   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   █
█        ▄  ▄  ▄  ▄        █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
.Infinite .
.Markets.
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█  ████  ████  ████  ████  █
█  ████  ████  ████  ████  █
█                          █
█  ████  ████  ████  ████  █
█  ████  ████  ████  ████  █
█                          █
█  ████  ████  ████  ████  █
█  ████  ████  ████  ████  █
█                          █
█  ████  ████  ████  ████  █
█  ████  ████  ████  ████  █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
.Public or..
.Private  ...
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█ ▀▀▀▀         ▀▀▀ ▀▀▀ ▀▀▀ █
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
█                          █
█          ▄▄▄▄▄           █
█         █▀   ▀█          █
█        █▀     ▀█         █
█      ▄▄█▄▄▄▄▄▄▄█▄▄       █
█                          █
█       ▄▀▀▄   ▄▀▀▄        █
█       ▀▄▄▀▀▀▀▀▄▄▀        █
█                          █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
.RingCT........
.Anonymity .
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
maokoto
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile WWW
February 01, 2016, 02:02:11 PM
 #16

So if the original post is right (which I assume is) there is less and less inflation as we go on in time. As Eth future is uncertain, that might make someone to think that it is better to wait a bit to hold, as ETH you get now will be more inflated.

paratox
Full Member
***
Offline Offline

Activity: 124
Merit: 100


View Profile
February 01, 2016, 02:10:20 PM
 #17

There is actually no formula. The algorithm creates exactly 15,626,576 new units each year. Since the ratio between total existing coins and the constant newly created coins becomes bigger, the inflation decreases from year to year.

It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.

I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.

As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).

Nice results, where is the formula?

POW will end this year, but nowhere atm is noticed the POS reward, so I really wonder how did you get those result ...

ICE AGE

https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/

Thanks for the link, makes it clearer how the switch is gonna happen.

It will be interesting to see, if they can find solutions for the problems of having a PoS system.
tolikkk
Hero Member
*****
Offline Offline

Activity: 952
Merit: 1000


www.pumpmycoin.com


View Profile WWW
February 01, 2016, 05:41:45 PM
 #18

where does 26% inflation in the first year, because POW is not inflation but mining?
zmhaha
Sr. Member
****
Offline Offline

Activity: 260
Merit: 250


View Profile
February 02, 2016, 09:23:28 AM
 #19

Need I to say that this thread is a complete BS and that OP is completely misinformed!Yes, this was an initial plan to have unlimited supply but this has been changed and the complete supply will be between 90-100M with a very small inflation and this will be introduced with the POS change and Serenity release.

Here is another post of mine that leads to further links that need to be studied where Devs announce this change of plan:

https://bitcointalk.org/index.php?topic=428589.msg13721421#msg13721421

It's sad to see that one hero member spreads such disinformations as he has presented them in this thread.

And yes, I agree, with the unlimited supply there was no sense investing in Ethereum. With the change in plan and the change in a distribution, Ethereum also becomes a valuable asset and if the devs deliver promised and Ethereum works as imagined, it will also become a fierce Bitcoin competitor as a store of value and a currency, on the top of it smart contract platform as it was designed in the first place.

Something that many die hard bitcoiners are afraid off in the last few weeks as I can see in many threads, especially as Bitcoin keeps taking a wrong path and destroys itself in a nonsense civil war about the simple block size increase.
zmhaha
Sr. Member
****
Offline Offline

Activity: 260
Merit: 250


View Profile
February 02, 2016, 09:39:29 AM
 #20

It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.

I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.

...

As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).

Technically incorrect, PoW difficulty increases exponentially after 1 year, causing the block interval to increase and block creation to essentially cease.  Before then a hard fork is to be issued, likely to PoS / Casper.  No details are set in stone, however a 1500 coin staking minimum has been suggested.  The PoS monetary policy is TBD, could be tx fees + inflation or processing fees only, subject to security considerations.

https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08wo

This is essentially what I have written in my post but I see that people keep with their own false opinions!

From: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/

Difficulty adjustment scheme

A lot of you have been wondering how we would implement a switch from PoW to PoS in time for Serenity. This will be handled by the newly introduced difficulty adjustment scheme, which elegantly guarantees a hard-fork point in the next 16 months.

It works as follow: starting from block 200,000 (very roughly 17 days from now), the difficulty will undergo an exponential increase which will only become noticeable in about a year. At that point (just around the release of the Serenity milestone), we’ll see a significant increase in difficulty which will start pushing the block resolution time upwards.

So, a year on, the network will continue to be useful for roughly 3-4 months, but eventually will reach an ‘Ice Age’ of sorts: the difficulty will simply be too high for anyone to find a block. This will allow us to introduce PoS, perhaps via Casper, if it proves itself.

A simple calculation takes you that this POS change will be introduced somewhere in December of 2016. You can all calculate how many Ethers we will have until this date
Pages: [1] 2 »  All
  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!