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RE: Quantitative Analysis of Staking Times in Gridcoin V8 - Live at Block 1010000 with v3.6.0.2
Some numbers from my test:
- Balance: 46000 GRC
- Stakes: 2
- Duration: 43 hours
Unless I'm way off you would then need 989000 hours to stake with 1 GRC. With 11000 and no mag you should stake every 90 hours, or every 3.7 days. If I'm right you need 41208 GRC to stake daily given the past few days' difficulty.
With these numbers we get:
- 41,200 GRC ($1648) to stake daily
- 5,900 GRC ($236) to stake weekly
- 1,370 GRC ($55) to stake monthly
- 230 GRC ($10) to stake every 6 months
The only reason for this discrepancy I can agree with is if the network weight for the total number of coins is incorrect. Looking forward to the reply from the Blackcoin devs on this one.
Of course, I hope your numbers are a good representation of what to expect in V8. Those investments (while still too high for many new miners) are manageable.
I agree that they are too high and that we should come up with alternative ways of paying the researchers. Luckily several options are in the pipe :)
has anyone actually been earning more staking then they would of holding their funds in Bitcoin? I dont think so.
Wow, I can't believe Bitcoin made it onto Family Guy. To bad its a skit where Peter makes it sound like an awfule "Peter" type of idea. Lol
Please don't spam.