thanks for reply, its just that last 2-3 weeks i went from 100 tokens per day to 1-5 .................I understand the complexity changed but for that much i thought maybe something wrong with the pool
Nah thats normal, that's what i was explaining yesterday. Mining is competitive and generally not the most profitable venture you could start. Once the difficulty increases, pehaps depending on the coin (vast majortiy) the base block payout decreases too.
Does anybody know if the Electroneum block reward will ever decrease?
Has the team said yet what they intend to do when/if all coins are mined? It's probably decades off it will ever come, but It's an interesting issue a few coins have had to deal with.
The block reward adjusts.
COPIED STRAIGHT OFF OF THE WHITE PAPER
Adaptive limits
A decentralized payment system must not depend on a single person’s decisions, even if this person is a core
developer. Hard constants and magic numbers in the code deter the system’s evolution and therefore should be
eliminated (or at least be cut down to the minimum). Every crucial limit (like max block size or min fee amount)
should be re-calculated based on the system’s previous state. Therefore, it always changes adaptively and
independently, allowing the network to develop on it’s own.
Electroneum’s CryptoNote has the following parameters which adjust automatically for each new block:
1. Difficulty. The general idea of our algorithm is to sum all the work that nodes have performed during the
last 720 blocks and divide it by the time they have spent to accomplish it. The measure of the work is the
corresponding difficulty value for each of the blocks. The time is calculated as follows: sort all the 720
timestamps and cut-off 20% of the outliers. The range of the rest 600 values is the time which was spent for
80% of the corresponding blocks.
2. Max block size. Let MN be the median value of the last N blocks sizes. Then the “hard-limit” for the size of
accepting blocks is 2*MN. It averts blockchain bloating but still allows the limit to slowly grow with the time if
necessary. Transaction size does not need to be limited explicitly. It is bounded by the size of the block.
Smooth emission
The upper bound for the overall amount of all digital coins is also digital:
MSupply = 264 − 1 atomic units
This is a natural restriction based only on the implementation limits, not on intuition like “N coins ought to be
enough for everybody”. To make the emission process smoother electroneum’s CryptoNote uses the following
formula for block rewards:
BaseReward = (MSupply − A) >> 18
Where A is amount of previously generated coins. It gives a predictable growth of the money supply without any
breakpoints.
