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RE: SpkNetwork: Going To Lock Up Millions Of HIVE

in LeoFinance3 years ago

Okay, thanks. From the looks of this diagram it doesn't seem like the initial miners will go to zero. They'll probably just become a smaller and smaller percentage of the overall mining pool.

So I wonder if they'll just sell new miners to cover the deprecation...?

For example, say there are 100M miners (just to make the numbers even) when it comes out. And say they will each mine 1 SPK per year...so 100M SPK at the end of year one. At that point, those 100M miners go down to 80% efficiency so they'll only mine 80M SPK in year two. Will the company then auction off 20M LARYNX2.0 miners that all mine 1 again? And then in year 3 you've got 60M from the initial miners, 16M from the LARYNX2.0, and then another 24M LARYNX3.0 could be sold each mining 1 SPK per year.

It will be interesting to see how they do that...

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We await input from insightful community members such as urself on this. We will propose initial numbers but ultimately members with SPK will be able to set the variables themselves

I guess part of the question will be how many LARYNX you eventually want out there and how long do you want to take to get there?

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