Some more news has been announced by the SysCoin developers. Even though the pre-sale is currently going on, and going quite well, they did have to rethink the mining rewards strategy. Let’s take a look at what is changing.
The biggest concern is the fact that there will be a lot of coins available on the market one the pre-sale has concluded. As we know, it wouldn’t be surprising if some people dump their pre-sale coins as soon as possible to take their profits and look for the next coin.
Mining Reward Schedule
Cumulative Days Days @ Reward Level Ends @ Blockheight Block Reward
180 180 259200 128
360 540 518400 96
720 1260 1555200 80
1080 2340 3110400 64
1440 3780 5184000 48
1800 5580 7776000 40
Rewards are 32 per block after height 7776000, until the 2bil coins is reached.
As of this writing, there are three and a half left on the SysCoin pre-sale. This time will be used to work on developing a built-in escrow feature for SysCoin. Please keep in mind there is no guarantee this will be finished before the coin launches, but it’s definitely being looked at.
Official announcements : https://bitcointalk.org/index.php?topic=587080.msg7996559#msg7996559
source: http://www.cryptoarticles.com/crypto-news/syscoin-mining-rewards-update-client-to-have-built-in-escrow
SYSCOIN
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