I was graphing the coin supply vs. time today (for fun
) and noticed something odd.
I used this description in the wiki to make the graph:
Coin details
Anoncoin was originally a fork of the Litecoin source code. The creation of new coins is by the reward to miners for processing transactions into blocks that are added to the block chain, where mining is performed by proof of work using the scrypt hashing function. A total of 4.2 million coins can be mined into existence, which is 5 times less than the maximum supply of Bitcoin, and transactions are processed, on average, every 3 minutes. The current block reward is 5 ANC, and this will be halved to 2.5 on approximately January 22, 2015. The block reward distribution schedule is the following: 4.2 ANC for blocks until 42,000; 7 ANC until block 77,777; 5 ANC until block 384,377; and then halving of block rewards every 306,600 blocks (which is approximately every two years).
block coins block reward
1 4 4.2
42,000 176,400 4.2
77,777 426,839 7
384,377 1,959,839 5
690,977 2,726,339 2.5
997,577 3,109,589 1.25
1,304,177 3,301,214 0.625
1,610,777 3,397,027 0.3125
1,917,377 3,444,933 0.15625
2,223,977 3,468,886 0.078125
2,530,577 3,480,862 0.0390625
2,837,177 3,486,851 0.01953125
3,143,777 3,489,845 0.009765625
3,450,377 3,491,342 0.004882813
3,756,977 3,492,090 0.002441406
As you can see the max supply converges on 3.492 million not 4.2 million. Where did I go wrong here?
The red dot is where we are currently.
