Mintcoin: Year 1 Minting Statistics

 

The following stats are based on the most current information as of March 9, 2015:

  • Total coins in existence currently 20.79 billion
  • Total coins minted in the last year (365 days) 2.18 billion
  • Current minting block reward rate is 15% annually
  • 210,881,430 coins have been minted in the last 31 days
  • This is an average of 6,802,627 new coins per day being minted currently
  • This means that the minting participation rate is currently at 80.43%
  • This would result in an annual increase in the money supply of 12.06% currently
  • But based on last year, we know the timing until the reward reduction was about 287 days, (not a full year)
  • Based on this, we have about 7 more months until next block reduction – rate change to 10% annually (October 9th estimate)
  • This means we are currently now 27% complete with the 15% annual rate reward phase, which started around December 21, 2014
  • After October 9th, 2015: Assuming a similar minting participation rate, this will drop the increase in the money supply to an annual rate of about 8%
  • This will be a decrease of 33.33%
  • And in approximately 16 and a half months, (July 2016 estimate) we will see the rate change to 5% annually
  • After July 2016: Assuming a similar minting participation rate, this will drop the increase in the money supply to annual rate of about 4%
  • This will be a decrease of 50.00%
  • Keep in mind, minters also get an additional transaction fees bonus!

https://bitcointalk.org/index.php?topic=450381.msg10711008#msg10711008

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