mirror of
https://github.com/LBRYFoundation/lbry.com.git
synced 2025-08-27 07:23:33 +00:00
32 lines
1.5 KiB
Markdown
32 lines
1.5 KiB
Markdown
---
|
|
title: What are the LBRY Block Rewards?
|
|
---
|
|
|
|
## 0. Only Trust the Source
|
|
|
|
The source code, and not this file, is the only true definiton of the block rewards. That source file is located here:
|
|
|
|
[https://github.com/lbryio/lbrycrd/blob/real2/src/main.cpp](https://github.com/lbryio/lbrycrd/blob/real2/src/main.cpp#L1576)
|
|
|
|
But is soon to be located in [`master`]:
|
|
|
|
[https://github.com/lbryio/lbrycrd/blob/master/src/main.cpp](https://github.com/lbryio/lbrycrd/blob/master/src/main.cpp#L1576)
|
|
|
|
## 1. Reward Schedule
|
|
|
|
Eventually 1,000,000,000 LBRY credits will exist. They are awarded on the following schedule:
|
|
|
|
* The genesis block creates 400,000,000 credits to be administered by LBRY, Inc. 300,000,000 of these will be given away to the public.
|
|
|
|
* The remaining 600,000,000 are mined in 3 stages:
|
|
|
|
1. The first stage goes from block 1 to block 5100, and will take roughly 9 days. Every block in this stage has a reward of 1 credit. This
|
|
is the testing stage, to ensure that there are no glaring problems with the blockchain.
|
|
|
|
2. The second stage is the ramp-up. It goes from block 5101 to block 55000 (roughly 3 months of mining). During this stage, the block reward
|
|
increases linearly from 2 to 500. 500 is the largest block reward available.
|
|
|
|
3. The final stage is the "normal" mining stage. From block 55001 onward, the block reward decreases logarithmically over the course of 20
|
|
years.
|
|
|
|
* Block rewards ramp up slowly because we want to ensure that users are given some time to get LBRY up and running, and to avoid unfairly benefitting the earliest users.
|