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Author Topic: Info on the ZCash (Daily?) ramping scheme for block rewards  (Read 600 times)
smaxz (OP)
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November 02, 2016, 02:42:49 PM
 #1

So there is a slow start, from 2 ZEC to 12.5 at block 20,000.

At block 10,000 the reward should be like 6 ZEC but we're at block like 3000 now and reward is showing 2 ZEC still right?


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November 02, 2016, 04:15:15 PM
 #2

The coin issuing on this thing is really weird. They say it's because it gives people an opportunity to get in cheaper or something like that... I think it's stupid, all it creates is a coin that is worth a ton of money per unit, you can't create an egalitarian distribution of a coin unless you centralize and manipulate it, if not, then people that come first and take the big risks get the most money as it should be.
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November 02, 2016, 04:49:13 PM
 #3

So there is a slow start, from 2 ZEC to 12.5 at block 20,000.

At block 10,000 the reward should be like 6 ZEC but we're at block like 3000 now and reward is showing 2 ZEC still right?




Are you sure it was 2 zec per block?  here says different. It says first day blocks had on average 0.4 ZEC. now is day.6 so is on average block around 2.2 ZEC full.


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November 02, 2016, 05:05:35 PM
 #4

So there is a slow start, from 2 ZEC to 12.5 at block 20,000.

At block 10,000 the reward should be like 6 ZEC but we're at block like 3000 now and reward is showing 2 ZEC still right?




Are you sure it was 2 zec per block?  here says different. It says first day blocks had on average 0.4 ZEC. now is day.6 so is on average block around 2.2 ZEC full.




No, any block explorer discloses rewards have been 2 ZEC since the beginning

https://explorer.zcha.in/transactions/15eba1605cb9296de2619a4f03c50fa266a74556d4868209871f32937ed60a8a

t1SaATQbzURpG1qU3vz9Wfn3pwXoTqFtTq2   1.6935 ZEC
t3Vz22vK5z2LcKEdg16Yv4FFneEL1zg9ojd      0.423375 ZEC

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November 02, 2016, 06:05:45 PM
 #5

isn't this very akin to lbry, the run up is very fast and is it within the first weeks/months, then it will decline slowly, but i think for zcash, if i remember correctly, there is no decline, but the maximum is 50 and it will stay there, i find those two way of block reward not really good, because it encourage early dumping, they should have stick with the bitcoin method

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ratatatat
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November 02, 2016, 07:01:26 PM
 #6





source:
https://z.cash/blog/state-of-the-network-2016-10-31.html
canth
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November 02, 2016, 07:27:29 PM
 #7


No, any block explorer discloses rewards have been 2 ZEC since the beginning

https://explorer.zcha.in/transactions/15eba1605cb9296de2619a4f03c50fa266a74556d4868209871f32937ed60a8a

t1SaATQbzURpG1qU3vz9Wfn3pwXoTqFtTq2   1.6935 ZEC
t3Vz22vK5z2LcKEdg16Yv4FFneEL1zg9ojd      0.423375 ZEC

That is incorrect. The blockrewards scale up gradually increasing with every block. Here's ZEC block #1:

https://explorer.zcha.in/blocks/0007bc227e1c57a4a70e237cad00e7b7ce565155ab49166bc57397a26d339283

Newly Generated Coins Outputs  

t1KstPVzcNEK4ZeauQ6cogoqxQBMDSiRnGr 0.0005 ZEC
t3Vz22vK5z2LcKEdg16Yv4FFneEL1zg9ojd 0.000125 ZEC

ratatatat
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November 02, 2016, 07:30:16 PM
 #8

last blockreward was 2.15

https://explorer.zcha.in/blocks/00000002f60a98e9ee0b666ce7c363bb89705d6ffb3ca02c857f0f01678c2c0c

With price of 1.6 btc as of writing this amounts to a cost of 9900$ every 10 minutes to operate the network. I doubt the userbase will carry that longterm.
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November 02, 2016, 07:41:27 PM
 #9

The coin issuing on this thing is really weird. They say it's because it gives people an opportunity to get in cheaper or something like that... I think it's stupid, all it creates is a coin that is worth a ton of money per unit, you can't create an egalitarian distribution of a coin unless you centralize and manipulate it, if not, then people that come first and take the big risks get the most money as it should be.

All it really means is that they will have to adjust the ratio to value it according to its rarity. This is the same with all coins though making fewer coins seems to be more rare then those using more and paying in the thousands. It is like Japanese yen. Strong currency they just sue lots of it.

 
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