What is future of mining burst when 82.7% (1,791,002,774 bursts) are mined?
Teppi last edited by
I am mining burstcoin and too tired with plotting. 100TB plotted HDD take my time over a month. But when I checking the stats in burstcoin.biz site, I see the total burst are only over 2 billions (2,158,812,800) and 82.7% of them (1,791,002,774) are mined. So I want to ask the question, what is the future of mining burstcoin? Any more profit when the diff is higher and higher?
b11001h19 last edited by
I am also curious to learn.
The future is at least as grim as for bitcoin's 78% available supply:
burst1 last edited by
First there's still like 7 - 10 years (don't remember exactly) before all the coin is projected to be mined. Then mining will continue via transaction fees.
rattle99 last edited by
@daWallet Could you elaborate?
iKnow0 last edited by
When a block is mined the pool or the solo miner get the block-reward+fees
look here to see current reward and fees http://burstcoin.biz/blocks
The block-reward reduces by 5% each month, and eventually it will get to 0, when that happens miners will only be paid the fees, as the supply of new Burst reduces then the price per Burstcoin will rise to compensate. That's the theory...
Pilabius last edited by
I guess we have a long time ahead since the 5% reduction is made each month, just take a look at this graph: http://burstcoin.biz/charts/total-burstcoins
When that time comes I think we hodls are all rich