How I calculate the SR (Super Representative) reward || Based on Home Work Task-1
H ey guys hope you all are doing fine. Alhamdulillah I am also fine. Welcome to my new post here. Hope you will enjoy my post.
Some days ago we got a homework task from @engrsayful. There was one question about reward distribution. I gave the answer. But today I will show you how I calculate that reward distribution. Let's see the question first -
- How many TRX will be given to an SR for 6 hours of mining?
Before calculation let's see the picture below by our Professor Sayful -
This picture by @engrsayful from This Post. You can read that post to learn more about this calculation.
In 6 hours of mining SR will get trx from -
- Vote Reward (160 TRX per block)
- Block Producing Reward (16 TRX per block)
Let's calculate the Vote Reward first -
Vote Reward- First we have to calculate how many blocks can produce in 6 hours. 6 hours mean 6X60 = 360 Minutes. And 360 minutes mean 360X60= 21600 Seconds. So 1 block is produced in 3 second. So a total of 21600/3 = 7200 blocks will be produced in 6 hours.
So in 6 hours:
Total TRX from Vote Reward= (7200X160)TRX= 1,152,000 TRX
SR and 100 parters (Total 127 Witnesses) will get 20% of 1,152,000 TRX which means 230400 TRX.
So each one will get = (230400/127) TRX = 1814.17 TRX
That means an SR will get 1814.17 TRX from the Vote Reward.
Now let's calculate the Block Producing Reward-
Block Producing Reward- We can see 16 TRX per block from Block Producing Reward.
So in 6 hours:
Total TRX from Block Producing Reward= (7200X16)TRX = 115,200 TRX
SR will get 20% of 115,200 TRX which means 23,040 TRX.
So each one will get = (23040/27) TRX = 853.33 TRX
That means an SR will get 853.33 TRX from the Block Producing Reward
In total an SR will get (in 6 hours) = (1814.17+853.33) TRX = 2667.5 TRX
So 2667.5 TRX will be given to an SR for 6 hours of mining.
Hope you will understand the calculation now. If you have any questions just ask me by comment below.
Thanks for your valuable post. 🥰🥰
twitter link: https://twitter.com/razu788/status/1505957713167396864?s=20&t=ZaHmdePu56o57trAS7_PjA
Concept is clear on this Calculation and I think the tutorial and homework task was very helpful for you to understand the calculation. Thank you very much for sharing that calculation elaborately in your post again.
Yeah, bro your tutorial helps me a lot to understand the calculation.