lbry.com/posts/faq/block-rewards.md
2016-06-23 00:32:58 -04:00

1.2 KiB

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

But is soon to be located in [master]:

https://github.com/lbryio/lbrycrd/blob/master/src/main.cpp

##1. Reward Schedule

Eventually 1,000,000,000 LBRY credits will exist. They are awarded on the following schedule:

  • The genesis block rewards 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.
  • The peak block is block is block 55001, at 500 credits. Block 55001 will likely hit 2-3 months after launch.
  • Blocks past 55001 descend logarithmically, lasting approximately 20 years.
  • Blocks 0-5000 are 1 credit. Blocks 5001 to 550001 ramp up linearly to 500.
  • Block rewards ramp up slowly because we do not want to unfairly benefit early and to ensure users are given some time to get LBRY up and running.