BitShares Forum

Main => General Discussion => Topic started by: puppies on August 26, 2014, 09:06:56 pm

Title: Why does delegate pay rate keep decreasing? [resolved]
Post by: puppies on August 26, 2014, 09:06:56 pm: why does
"blockchain_delegate_pay_rate": "1.34714 BTSX",
keep decreasing. Whats the algorithm? Haven't transactions and thus fees increased?
Title: Re: Why does delegate pay rate keep decreasing?
Post by: xeroc on August 26, 2014, 09:11:09 pm: I just decreased the payrate of my delegates by 20% .. hence that payrate is also reduced
Title: Re: Why does delegate pay rate keep decreasing?
Post by: bytemaster on August 26, 2014, 09:13:01 pm: Quote from: puppies on August 26, 2014, 09:06:56 pm
why does
"blockchain_delegate_pay_rate": "1.34714 BTSX",
keep decreasing. Whats the algorithm? Haven't transactions and thus fees increased?

The big transaction that generated the most fees was asset registration. It is still burning through that. The block explorer shows an average of less than 1 trx every 10 seconds, so we can expect delegate pay to approach 0.5 BTSX until things pick up some more.
Title: Re: Why does delegate pay rate keep decreasing?
Post by: maqifrnswa on August 26, 2014, 09:16:45 pm: Quote from: puppies on August 26, 2014, 09:06:56 pm
why does
"blockchain_delegate_pay_rate": "1.34714 BTSX",
keep decreasing. Whats the algorithm? Haven't transactions and thus fees increased?

each block pays TOTAL_FEES_COLLECTED/(12*NUMBER_OF_BLOCKS_PER_DAY).
total fees collected is almost entirely from creating new assets (since it is the singular most expensive transaction one can make). People haven't made assets in a while
Title: Re: Why does delegate pay rate keep decreasing?
Post by: xeroc on August 26, 2014, 09:16:59 pm: Ah ... right .. assets are still very expensive .. *noted* ;)
Title: Re: Why does delegate pay rate keep decreasing?
Post by: puppies on August 26, 2014, 09:39:40 pm: Thanks guys, thats exactly what I was looking for.