Author Topic: next block halving?  (Read 28 times)

r3s

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next block halving?
« on: December 13, 2017, 04:23:37 AM »
Sorry if its been asked, havent been able to find the info for when the POW block reward halves again, i remember there was a countdown for the last halving but it was a long time ago, is there a list of the blocks which are the halvings?

cheers

Andrew

BigJohnson

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Re: next block halving?
« Reply #1 on: December 13, 2017, 06:16:57 AM »
Not something we wanted to do but for PoW to continue, and for the core upgrade it had to be done. Also we don't want to be a PoS only coin, so we decided to keep POW going. It's something we feel is good in a coin security wise and for the dedicated miners that have supported Netcoin's NETwork and because people still do mine it traditionally. That said we have continued on our PoW to a static reward of 15 coins per block and sorry to say, but the hourly 8x superblocks have been discontinued.   Also PoS rewards for PIR year 3 are changed to 2-4-6-7-8-10% because with these market volumes it could never sustain the current reward settings. PIR year 4 will follow year 3's. POW is set to end block 2500000.