BitShares Forum

Other => Graveyard => BitShares PTS => Topic started by: puck2 on February 20, 2014, 06:50:46 pm

Title: Will PTS mining continue after Feb 28?
Post by: puck2 on February 20, 2014, 06:50:46 pm: When this whole Bitshares X thing comes down the pipe.. .will there still be mining for Protoshares?
Title: Re: Will PTS mining continue after Feb 28?
Post by: mint chocolate chip on February 20, 2014, 06:55:22 pm: Yes Protoshares can still be mined after the initial Bitshares chain is released. Bitshares on February 28th is only the first chain, more chains and DACs will be released after that for a long time.

Protoshares will have 2 million total and only 1.5 million have been mined. I also believe after the 2 millionth Protoshare that is mined there will be 1% per year additional that can be mined (I believe this is true, but not 100% sure).
Title: Re: Will PTS mining continue after Feb 28?
Post by: atc1 on February 23, 2014, 01:37:23 pm: When is the last protoshare (2 millionth) supposed to be mined? And what does the 1% increment mean? That 1% of 2 million PTS will be mineable next year or 101%? ???
Title: Re: Will PTS mining continue after Feb 28?
Post by: mint chocolate chip on February 23, 2014, 03:59:59 pm: Quote
Total coins: Around 2 million, with 1% inflation after 2 years
- from the Protoshares annoucement
Title: Re: Will PTS mining continue after Feb 28?
Post by: testz on February 23, 2014, 04:23:48 pm: Quote from: atc1 on February 23, 2014, 01:37:23 pm
When is the last protoshare (2 millionth) supposed to be mined? And what does the 1% increment mean? That 1% of 2 million PTS will be mineable next year or 101%? ???

1% it's 0.19012850 PTS per block, it's will happened after 218000 blocks and according my calculation at the end of this year.

From BitShares-PTS source code:
Code: [Select]
// Subsidy may be a minimum of 0.19012850*COIN // Expected 365.25 * 24 * 12 * 0.19012850 = approx 20,000 coins per year, 1% annual inflation if(nSubsidy<0.19012850*COIN){nSubsidy=0.19012850*COIN;}