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Author Topic: Miner Reward Question  (Read 184 times)
jackhashmine (OP)
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December 29, 2017, 02:56:27 AM
 #1

Why have a white paper describing mining block rewards when the price of a coin often overrides the planned block reward??
Any developers of coins please explain your actions..
The block reward rate does not change yet the block reward changes with the price...... Is this fair?
xxcsu
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December 29, 2017, 04:33:08 AM
 #2

You need to learn a lot  Grin

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jackhashmine (OP)
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December 29, 2017, 11:19:07 PM
 #3

lovely input ...... its obvious I know I need to learn a lot.
it is also obvious that you provide no information just your opinion. thanks matey
if you are not a developer who has been faced with that decision, then I will find it really difficult to see mere opinion as valid
Vann
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December 29, 2017, 11:28:59 PM
 #4

Developers are programmers, not economists. The free market sets the value through price discovery on the open market.
Undefined31415
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December 30, 2017, 12:53:51 AM
 #5

Developers are programmers, not economists. The free market sets the value through price discovery on the open market.

^Essentially this.

The mining reward system was developed without regard to the perceived "value" of the coin.

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Agozyen
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December 30, 2017, 01:10:34 AM
 #6

Why have a white paper describing mining block rewards when the price of a coin often overrides the planned block reward??
Any developers of coins please explain your actions..
The block reward rate does not change yet the block reward changes with the price...... Is this fair?

What coin are you talking about?  Some coins have set block rewards.  If ten people pool their resource and the pool finds a block, each member gets a proportional reward.  If they each contribute 1/10 then they get 1/10 of the reward.  More people contributing means reduced rewards per block, but potentially more blocks to get rewards from.  This can be predicted by using a mining calculator. Coin price is determined by the market.  If it's a profitable in demand then more people will mine. 

This isn't about being fair.  It's about contributing to the overall network.  For your efforts you get the chance to mine blocks.  People that contribute more get more. 

xxcsu
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December 30, 2017, 05:21:22 AM
 #7

lovely input ...... its obvious I know I need to learn a lot.
it is also obvious that you provide no information just your opinion. thanks matey
if you are not a developer who has been faced with that decision, then I will find it really difficult to see mere opinion as valid


yes its a lovely input , dont be lazy , do your own research Wink leran the basic , learn how mining works , learn how the reward system working , dont demand from developers to explain to you the basic ...

Learn about Merit & new rank requirements , Learn how to use MERIT , make this community better
If you like the answer you got for your question from any member ,
If you find any post useful , informative use the +Merit button.
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