http://en.zaoniao.it/index.php?action=history&feed=atom&title=Proof-of-Research_Genesis_Block 2026-05-15T13:00:09Z Revision history for this page on the wiki MediaWiki 1.32.0 http://en.zaoniao.it/index.php?title=Proof-of-Research_Genesis_Block&diff=6422&oldid=prev 2019-06-29T09:01:48Z

<p>Created page with &quot;Foundation Block Calculation Explained - Proof Of Research ========================================================== 1. Classic Minted from GRCBX: @Block 192650 ( GRCBX=29...&quot;</p> <p><b>New page</b></p><div>Foundation Block Calculation Explained - Proof Of Research<br /> ==========================================================<br /> <br /> 1. Classic Minted from GRCBX: @Block 192650 ( GRCBX=29,876,367 )<br /> <br /> 2. Classic Minted from Cryptoblox: @Block 188215 ( Cryptoblox = 31,575,238 )<br /> <br /> 3. CryptoBlox Block #s 188216-192650 = 4435 Blocks * 150GRC = 665,250 = 32,240,488<br /> <br /> 4. Difference between CryptoBlox and GRCBX = 2,364,121<br /> <br /> 5. Classic emitted between today and when subsidy decreases ( block 192650-199000 = 6350 ) Est 952,500 more subsidies before decrease<br /> <br /> 6. Estimated Subsidies for Classic between block 199000 and 285400 (when classic retires; betwen 10-20-2014 and 03-30-2015) = 86400blocks = 86400*10grc = 864,000<br /> <br /> 7. Foundation Block Calculation: <br /> <br /> *31,575,238 ( Cryptoblox mint during upgrade:block 188215 ) + 665,250 ( Cryptoblox current ( 10-11-2014 ) ) = 32,240,488 TOTAL GRC as of Today<br /> *32,240,488 ( Cryptoblox today ) + 952,500 ( Classic Emission schedule until 10-20-2014 ) = 33,192,988 Projected minted Coins on 10-20-2014<br /> *33,192,988 ( Total projected Gridcoins as of 10-20-2014 when subsidy decreases to 10grc) + 864,000 ( Classic emissions during end of life span @ 10grc ) = 34,056,988<br /> <br /> 8. Foundation Block Final Grand Total: 34,056,988 * 10 ( New multiplier ) = 340,569,880 &amp;lt;---- This is the amount for the Proof Of Research Foundation Block<br /> <br /> 9. Proof Of Research Foundation Block: 340,569,880<br /> <br /> <br /> In laymans terms, this is the amount that will be distributed to our 750-1250 distinct GRC holders/investors through the coin burning process.<br /> <br /> All Gridcoins will eventually end up in the proof-of-research chain when we retire Classic.<br /> <br /> <br /> Coins left over after Mar 30 2015 will be audited, highly scrutinized, and used wisely by the foundation for advertising and dev bounties.<br /> <br /> ==Source==<br /> <br /> [http://coin.wiki/ http://coin.wiki/]<br /> [[Category:Technology]]<br /> ==See Also on BitcoinWiki==<br /> * [[Bitdrive]]<br /> * [[Travelertoken]]<br /> * [[Instoken]]<br /> * [[Ubanx]]<br /> * [[AITrading]]</div>

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