[DIG] DIGIT [X13] |Available For Takeover! |

http://cryptexplorer.com/chain/Digit
Total supply right now over 14million coins
How long does it takes to mine 14 million coins?

Yeah I saw the 14M out atm. Really, I'm just trying to figure out if this is even worth mining. Even low coin cap coins don't even do all that well nowadays. If this coin has like 100M+, I don't really know what will differentiate it.

I have followed this coin since the beginning and i know a how difficulty dependent block reward works.

So lets do some math based on the explanation on OP and the source code:

If hash rate is about what it is now - diff around 150. Block reward would be 3.65 x 150 = 547
Boostcoin diff was almost 1000 couple of days ago. Theres nothing stopping Digit hitting diff 1000 as well.
With a diff of 1000, block reward would be around 3650. With a diff of 500, block reward would be around 1825.
Lets say that on average, block reward will be 1825 and diff is 500.
In a day we get about 1440 PoW blocks. That makes daily coin amount 1825 x 1440 = 2.6 - 2.7M + PoS coins.
A monthly coin amount of 81M + PoS coins.
A Yearly coin amount of almost 1 Billion coins. + PoS coins.

PoS is quite significant.

Every month it rises by 1% and hits 12% MONTHLY after a year.

According to OP, first year effective interest from PoS is over 90% ! That means if you mine 100000 Digit in first month, You will have 190000 after first year.

Remember, this is just IF. We actually do not know how much hash will rise or fall. I think its safe to predict that hash rate will be a lot bigger after some time because X13 miners are still fresh and not very well optimized.

Also remember that all of this 13M coins in premine is sent to Digit miners who mined scrypt digit over 2 weeks. Dev published all addresses. Together with pools there was over 80 unique addresses i think.

There are some whales but it is still nicely distributed and dev will not hold much coins after they have sent out the compensations to us.
As i have understood, the dev only income will be percentage from the mined blocks. about 0.2% OP says.

A Yearly coin amount of almost 1 Billion coins. + PoS coins.
WTF
How do you think will buy this coin

You have no idea about how financial markets work, do you? Crypto markets work basically the same way.
Coin count doesnt matter at all! Supply vs Demand determes the price of the coin. I dont give a rats ass if coin trades on 1000 sat or 50 sat or 5 sat. It simply does not matter because 5 sat coins there are more and 1000 sat coins there are less. The overall value is still dependent on how much demand there is.

A year is very long time in crypto currency world.

	Author	Topic: [DIG] DIGIT [X13] \|Available For Takeover! \| (Read 78134 times)
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