So until block 7k its only 1000 per block?
I mean i understand 0-250 no reward to avoid insta miner ect..
But being an early miner has to have its advantage and your taking it off with the low block reward in the early 7k blocks.
maybe
I agree with you. There is not a great enough incentive to mine this coin at launch.
Give miners a chance to get a lot of coins with little work so that they become supporters/promoters.
You're both missing the point, 1000 is the HIGHEST the block reward will ever be.
The reward will DROP to (20,000)(1/√(Difficulty+500)) from block 7001-250,000
Let's say difficulty is only 1 by block 7001 (even though it will be a lot higher) - this gives a block reward of 20000 x (1/√501) = 894.43
If difficulty was at 100, block reward would be 20000 x (1/√600) = 816.5
So guaranteeing 1000 block reward from block 250-7000 IS rewarding the early miners. After that the block reward will DROP as the difficulty goes up.
I've done you a graph to illustrate how the block reward will change with the difficulty -
http://fooplot.com/plot/srrudvj5ds(Green=block reward 251-7000 Black=7001-250,000 Blue = 250,001-500,000 Pink = 500,001+)