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24 lines
1.2 KiB
Markdown
24 lines
1.2 KiB
Markdown
---
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title: What are the LBRY Block Rewards?
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---
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##0. Only Trust the Source
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The source code, and not this file, is the only true definiton of the block rewards. That source file is located here:
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[https://github.com/lbryio/lbrycrd/blob/real2/src/main.cpp](https://github.com/lbryio/lbrycrd/blob/real2/src/main.cpp#L1576)
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But is soon to be located in [`master`]:
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[https://github.com/lbryio/lbrycrd/blob/master/src/main.cpp](https://github.com/lbryio/lbrycrd/blob/master/src/main.cpp#L1576)
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##1. Reward Schedule
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Eventually 1,000,000,000 LBRY credits will exist. They are awarded on the following schedule:
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* 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.
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* The remaining 600,000,000 are mined.
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* The peak block is block is block 55001, at 500 credits. Block 55001 will likely hit 2-3 months after launch.
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* Blocks past 55001 descend logarithmically, lasting approximately 20 years.
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* Blocks 0-5000 are 1 credit. Blocks 5001 to 550001 ramp up linearly to 500.
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* 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.
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