Block Reward Halving Estimate?

#1

Was wondering if anyone know when the block reward is going to half for SmartCash.

Thanks!

#2

Hey man,

there is no “block reward halving” in the SmartCash chain. The block rewards are decreasing with each block. Check out this formula:

BlockRewards

Workers Stats & (low) balances / payouts in new official US Pool
#3

Thanks, so miners get 5% of the hashing power they contribute?

I understand that it’s a community coin, just want to make sure that 95% goes to elsewhere.

#4

5% of each mined block goes to the pool which solved the block. So for the current block (time of writing) the reward is:

5000 * 143500 / 351056 = 2043 SMART

5% to the miners => 102 SMART

The other 95% are splitted as followed:

SmartRewards Pool - 15% (306 SMART) This pool will be entirely distributed to the hodlers on each 25th. See https://smartcash.cc/what-are-smartrewards/

SmartNodes - 10% (204 SMART) Each block 1 nodes gets this 10%. See https://smartcash.cc/smartnodes/

SmartHive/Community 70% (1430 SMART) The biggest part goes into the community treasure to fund proposals and some of it also into the hive addresses to fund all the hive teams. See https://smartcash.cc/hive-teams/ and https://vote.smartcash.cc