Explanation text tell that after block 20001 reward is block height but in image there is not this step at all.
From 20001 to 100k: BLOCK REWARD WILL BE SAME AS BLOCK HEIGHT FROM BLOCK 20001!
So, where is perfect information?
What exactly happend with block height 20001.
Is is so that reward jumps to 20001 oins per block and example for block 20100 reward is 20100?
Please explain exactly (with math notation) reward between block height 20000 to 100000.
I can understand block 20000 reward is 2000 coin - as it is now.
Of course i can explain.
First of all the graphic representation of the block reward increase and decrease is just to give an idea and NOT to explain in the particular each block's reward. I mean exact block reward change is written below the image as full explanation. And most of all i think words written speaks well already.
However for your question :
What exactly happend with block height 20001.
Is is so that reward jumps to 20001 oins per block and example for block 20100 reward is 20100?
The answer is yes. On Block 20001 the block reward step to 20001KMC and then increase gradually until a peak of 100k per block. In this period from block 20001 to block 100k, BLOCK REWARD WILL BE EQUAL (THE SAME AS) to BLOCK'S HEIGHT or i.e. : block 54567 will have a reward of 54567 KMC; block 99k will have 99000KMC of block reward, and so on. Have you got it now?
@hustman
And , From block 150'001: EACH BLOCK REWARD WILL DECREASE UNTIL A BLOCK PAYOUT OF 5K WILL BE REACHED.
So,KMC is limitless?
Please read carefully and better the OP again. Total max supply is 15Billions , not limitless. This point is well specified since the start, where does this question come from sorry?
And FROM BLOCK 150001 Block reward (that is already dropping by 10k each 10k block since block 100k it's been passed) will drop till a stable rew of 5k KMC, this means that from that point reward will be fixed and remain as it till the end of KMC mining.
I will buy some more BTC to buy up this cheap KMC as more as possible
Brillant future is comming here at KMC.
how can the price stay low if you can spend and in future buy BTC on shop at 500 Satoshi?
Buy now when still incredibly cheap!
...and sell fast before block 20000, when the increased block reward leads to more mining farms, and big dumping!
...not sure why no one has noted the great odds of a price drop at that point, with the massively increased coins in circulation...
Again in our block reward is specified the inflation-deflation-stabilization scheme. Where are the problems? We said, so if you mine KMC you should have thought about. However also if block rew is increasing so much also miners and hashrate is gonna increase so we ALL will get the same part of the cake.
I know most of miners prefer instamine super first blocks, but WE ARE DIFFERENT: we aim for a fair distribution of KMC, not giving all to the first 20 users that mines the first 50 blocks..in our pow that's not fair at all, at least with our system you can have the cahnce to have a mining profitability also starting mining after 4 weeks...Dumping happens with every coin, just depends on community and DEV to help this to not happen.
We have a dedicated KimoCoin shop where you can spend your own kmc for a worth of 500 satoshis each kmc, so dunno why some selling at 10/20 satoshi..really scared how people could be stupid. (i mean dumpers..)
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