Virtual Coin Development topic (How to get the coins out of the store by digging the ore)

Blockchain Enthusiast (qq:53016353)
According to the relevant literature of the cottage currency, in 2140, the production of 2,100 shanzhai coins, and no longer growth. According to the principle of cottage currency, after 33 times halved, the mining output of each chunk will reach 0.58 Cong, less than the smallest unit one cong. Each half of the interval is 210000 blocks, the total output time given in the above literature (2140) is calculated by 10 minutes of output time per block. (210000*10/60/24/365=3.9954 year *33=132, from 2008 onwards, 132 years after the creation of the cottage currency, 2140).




However, the "output time per block" used by the above method is an ideal state, which is only established if the whole network is not changed and the difficulty does not change. Check the Shanzhai block chain, it is not difficult to find that the full net of the cottage money in the long-term growth in the state, mining difficulty also increased. Therefore, it is not difficult to conclude that the above projections are not tenable, there is a huge error.






So, how to calculate the total production time of the cottage currency? I think there is no way to predict this time accurately. The following methods are only for your reference, Exchange.


Check the cottage coin mining difficulty increase, according to the recent difficulty adjustment time and difficulty adjustment amplitude, assuming now the difficulty adjustment cycle is 11.3 days, the difficulty of the cottage currency adjustment period of 2016 blocks, about 14 days (2016*10/60/24), so, We have reason to believe that the issuance of the Shanzhai currency is 19.28% ((14-11.3)/14), so the total output time of the Shanzhai should be more than expected, about 25.5 years (132*19.28%), that is, The cottage currency will be mined within 106.5 years, and then 2,114 years or so.






The attention defect of the above method is that it can't predict the change of the whole net calculation force accurately and can not predict the mining speed of the cottage currency accurately. The 11.3-day data used in the above calculation method is only the average of the May 2013 April 5, 2014, and the representativeness is debatable. We can build a more accurate mathematical model by combining the results of big data analysis with the production of mining machines.