BitShares Forum

Main => Stakeholder Proposals => Topic started by: Chronos on May 11, 2016, 03:03:01 pm

Title: Witness pay per block calculations
Post by: Chronos on May 11, 2016, 03:03:01 pm

The network is currently configured for 1.5 BTS to be created per block. With the current network state of 25 witnesses and 3-second blocks, that gives 1.5 BTS every 75 seconds per witness, or about 51840 BTS of income per month to act as a witness.

Is this the correct approach to calculation? An interesting side-effect is that adding a witness will keep network costs the same, while diluting the individual pay for each witness.

Title: Re: Witness pay per block calculations
Post by: abit on May 11, 2016, 05:00:11 pm

Correct.

Title: Re: Witness pay per block calculations
Post by: yvv on May 11, 2016, 05:43:47 pm

Does this cover the cost of running a node on Azure BAAS?

Title: Re: Witness pay per block calculations
Post by: xeroc on May 13, 2016, 08:34:22 am

Correct

Quote from: yvv on May 11, 2016, 05:43:47 pm

Does this cover the cost of running a node on Azure BAAS?

No

Title: Re: Witness pay per block calculations
Post by: yvv on May 13, 2016, 01:34:38 pm

Quote from: xeroc on May 13, 2016, 08:34:22 am

Correct

Quote from: yvv on May 11, 2016, 05:43:47 pm

Does this cover the cost of running a node on Azure BAAS?

No

Shit