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Block Reward Halving isn't Half original Reward #747

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DemonRx opened this issue May 11, 2018 · 7 comments
Closed

Block Reward Halving isn't Half original Reward #747

DemonRx opened this issue May 11, 2018 · 7 comments

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@DemonRx
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DemonRx commented May 11, 2018

The Block Reward Halving after block 2124000, is showing 730 / block when it should be 780 / block:

1560 / 2 = 780

@marpme
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marpme commented May 11, 2018

image

Maybe it's a mistake, but from that point of view I don't think so.
As it was originally designed to be 730 XVG per Block from the early days on.

Also referencing the following piece of code: https://github.com/vergecurrency/VERGE/blob/a775a4a81ed2d04d2a72f1a12a2148c944a00435/src/main.cpp#L1048-L1090

@DemonRx
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DemonRx commented May 11, 2018

Interesting, so it's technically not "halved". Can you link me to where that block reward scheduling is ?

@marpme
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marpme commented May 11, 2018

Those are every halvings which happened in the past and there won't be a next halving. The one from 1560 to 730 was the last one.

I think, that they had to drop the halving a bit more, to actually reach the aimed max. circulating supply of 16.555.000.000 XVG. If they would do the halving to 780, they would either:

  • faster reach the max supply
  • end with a higher max. XVG supply

@DemonRx
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DemonRx commented May 11, 2018

Understood, thank you.

@DemonRx DemonRx closed this as completed May 11, 2018
@DemonRx
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DemonRx commented May 11, 2018

Btw there should be someone from XVG team that can provide some PR to BitcoinTalk, when matters like this come up :)

@marpme
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marpme commented May 11, 2018

@D3m0nKingx Going to forward this to our team, thank you for your feedback! 👍

@justinvforvendetta
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our schedule of coins has been posted since day 1. (1560 isnt half of 3125 either)

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