RE: Gridcoin StakeV8 in effect for 4000 blocks: stats and analysis

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RE: Gridcoin StakeV8 in effect for 4000 blocks: stats and analysis

jimbo88 (48)in #gridcoin • 7 years ago (edited)

Hi jringo, maybe you can help clear up some of my confusion.

I've been under the impression that we try to create 48k DPOR coins per day and coin creation through DPOR is metered via the Magnitude Unit. I've also been told there is a total of 115,000 mag.

Therefore, to hit our target of 48k coins per day, we'd need to see an average magnitude unit of 0.417 (48,000 divided by 115,000).

I'm aware the mag unit moves up and down depending on recent DPOR coin creation, but I've been around since March and I've never seen the Mag Unit above 0.3.

It seems we're only creating ~50% of our target. Why?

Also, what's the point of a moving mag unit? If we haved a fixed magnitude unit, wouldn't we create the target amount of DPOR coins (on a long-term basis)?

7 years ago in #gridcoin by jimbo88 (48)

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tomasbrod (51) 7 years ago

Mag unit also (wrongly) depends on the total magnitude in superblock. I think the rest of the function is not right as well.

    //7-12-2015 - Calculate GRCMagnitudeUnit (Amount paid per magnitude per day)
    StructCPID network = GetInitializedStructCPID2("NETWORK",mvNetwork);
    double TotalNetworkMagnitude = network.NetworkMagnitude;
    if (TotalNetworkMagnitude < 1000) TotalNetworkMagnitude=1000;
    double MaximumEmission = BLOCKS_PER_DAY*GetMaximumBoincSubsidy(locktime);
    double Kitty = MaximumEmission - (network.payments/14);
    if (Kitty < 1) Kitty = 1;
    double MagnitudeUnit = 0;
    if (AreBinarySuperblocksEnabled(nBestHeight))
    {
        MagnitudeUnit = (Kitty/TotalNetworkMagnitude)*1.25;
    }
    else
    {
        MagnitudeUnit = Kitty/TotalNetworkMagnitude;
    }
    if (MagnitudeUnit > 5) MagnitudeUnit = 5; //Just in case we lose a superblock or something strange happens.
    MagnitudeUnit = SnapToGrid(MagnitudeUnit); //Snaps the value into .025 increments
    return MagnitudeUnit;

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jringo (63) 7 years ago

I'm not sure. I think @ravonn or @tomasbrod would be able to give you a much better answer than I would = )

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RE: Gridcoin StakeV8 in effect for 4000 blocks: stats and analysis

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