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Discussion in 'Mining' started by Jared the Sovereign, May 19, 2017.
How is the total DASH per day which is rewarded over the entire network calculated?
I guess you just times the number of blocks by the total block reward.
Miner reward ~1.8 Masternode reward ~1.8 Treasury Payout ~0.4
So a total payout per block of about 4 Dash. With a block every 2.5 minutes.
24 * 60 = 1440 minutes in a day.
1440 / 2.5 = 576 blocks created in a day.
576 * 4 = 2304 Dash created and "rewarded" each day.
This will reduce every year by 7% I believe.
Also, there are transaction fees to add to this payout, but I will leave that to someone else Though, I think this is negligible at this point.
Cool. Thanks for the explanation @Acedian .
So then how is the Total Payout of 4 Dash (Miner reward ~1.8 Masternode reward ~1.8 Treasury Payout ~0.4) determined?
By the Dash code. I can't say I have ever looked deeper than that. It was determined by Evan Duffield when he wrote the code, I guess.
45% - 45% - 10%
This is advanced for me, i dont get how u get the values and maybe i dont really understand the question.
Hi, i am new and have been interested in mining and coins and how the hell it works, so i am still reading or watching videos.
I wanted to briefly know from the community here how much DASH i can mine with 1 graphics card , say an RX470 standard out the box, example 1250/1750, per day.
When i run the customized SGMiner Dashminer it says :
dashminer 2.1.1 - Started: [2017-05-19 20:56:40] - [0 days 00:00:56]
(5s):98.34% (avg):97.62% | A:4 R:0 HW:0 | DASH:0.013/day <- is this pretty correct and fine? Normal i mean?
ST: 1 SS: 0 NB: 4 LW: 74 GF: 0 RF: 0
Amsterdam server | Diff: 0.215 | User: 15VLtpcRtzxdcbQ4shvfSC5sqTRL2rSmSN
Block: c3d05532... Started: [20:58:43] Best share: 21
[G]PU management ettings [D]isplay options [Q]uit
GPU 0: 77.0C 2483RPM | 48.64%/ 52.55% | R: 0.0% HW:0 I:21
GPU 1: 74.0C 2189RPM | 49.96%/ 53.57% | R: 0.0% HW:0 I:21
[20:58:53] Accepted 04514bfe Diff 0.232/0.100 GPU 1 at Amsterdam server
[20:58:55] Accepted 0322aa65 Diff 0.319/0.100 GPU 1 at Amsterdam server
[20:58:56] Accepted 0687cfcb Diff 0.153/0.100 GPU 0 at Amsterdam server
[20:58:57] Accepted 05bcfea3 Diff 0.174/0.100 GPU 0 at Amsterdam server
[20:58:58] Accepted 07fe20ea Diff 0.125/0.100 GPU 0 at Amsterdam server
[20:59:02] Accepted 073d6f50 Diff 0.138/0.100 GPU 0 at Amsterdam server
[20:59:03] Accepted 0291c471 Diff 0.389/0.100 GPU 1 at Amsterdam server
[20:59:04] Accepted 0524dc60 Diff 0.194/0.100 GPU 1 at Amsterdam server
Anything that i can look in to or read and or learn or share or something? knowledge ? stuff tips?
Those percentage splits are a given constant and not in question. The question was more towards figuring out how the current total block reward of 4+ Dash is derived.
How is this calculated from the total coins remaining? What is the specific equation?
How to solve if the current Total Coins Remaining in existence is 7305956.71566086 (This number taken from chainz.cryptoid.info) ?
Simple answer: it isn't. The total coins remaining are an estimation based on the Dash reward algorithm, not the other way around.
In a nutshell: the number of coins mined per block depends on the mining difficulty (which itself is based on global hash-rate for Dash) of the last block. Low difficulty means more coins per block, hight difficulty less coins. Additionally there's yearly decline of about 7% coins per block.
At the current difficulty the resulting coins per block is 4 Dash per block, split 45% | %45 % | 10 % between miners, Masternodes and Budget.
Even when the reward is more or less constant at the current (very high) difficulty, it was quite different in the beginnings of Dash, so you never knew in advance how much coins per block would be generated. That's why the final coin supply is an estimation, not a fixed value.
Cool. I get that Network Hash Rate is never constant (and thus Difficulty) but for a simplistic exercise in mental masturbation:
Let's say we randomly observe the following:
Network Hashrate = 3967.4705 GH/s
Difficulty = 238069.068
Average Block Time = 150s
Total Blocks Per Day = 576 (86400 / 150)
Total Block Reward Per Day = 1036.80 (576 * 45% Miner split)
We can take:
= (Total Dash Reward Per Day / (Network Hashrate / Hashrate of Miner))
= (1036.80 / (3967.4705 GH/s / 10800 MH/s)
= 2.822 Dash Per Day
How does Difficulty of 238069.068 effectively modify the 2.822 Dash Per Day "simple" calculation?
Or is difficulty just the adjustment that the network provides to adjust for the Network Hashrate fluctuations?
How on earth do you even earn 2 Dash a day i dont get it? do u need a few GPUs ?
How much Dash can 2 RX470 cards earn you a day ?
At the current hashrate / difficulty it doesn't, the number of coins is always 4 per block.
In earlier days (with much lower hashrate) this was MUCH more.
The difficulty changes (surprise ) the difficulty of the next block to be mined to keep the average number of mined blocks per day near the target of 576 blocks per day.
If the last block(s) needed less then 150 seconds to be found the difficulty increases, means makes it harder for the miners to find the next block, and therefore they will need longer (on average) than 150 seconds to find it.
Hi Crowning, are you able to see my post?
There are 1036.80 DASH to be mined per day.
Your -(average) earnings per day will be 1036.80 times "hash_rate_of_your_hardware" divided by the global hashrate.
What's the X11 hashrate of a RX470?
very good question, i cant see what my hash rate is because im using Dashminer from the Dashminer.com/org site.... it just shows a percentage....and the earnings per day BUT it seems wrong.... dont know....
I will show u a screen shot.
Thanks for your reply, @crowning.
I've seen various mining profitability calculators on the webz which show the difficulty value and the field is typically adjustable. If it doesn't really factor in at the current hashrate / difficulty, 1) does it ever, and 2) at what scenarios would it?
Is the Difficulty value really just moot for this type of calculation?
I see on other threads folks attempting to calculate the Difficulty value using the Dark Gravity Wave (DGW) mining difficulty adjustment algorithm controlled by Moore's Law: 2222222/((Difficulty+2600)/9)^2 and I've been wondering what purposes might be useful for solving??
the per block reward in the first year is about 5 dash,because it will reduce every year by 7%,when it came to the forth year that is 2017,the per block reward is about 4 dash.