How many Namecoins are generated per block?

4

Is the block reward for Namecoin 50 like Bitcoin, or is there another figure?

ripper234

Posted 2011-10-07T08:16:03.473

Reputation: 25 192

Answers

9

Yes, it's 50, as documented here: http://www.bluishcoder.co.nz/2011/05/12/namecoin-a-dns-alternative-based-on-bitcoin.html

The reward for solving a block will halve every 210,000 blocks (around 4 yrs), like Bitcoins.

When namecoins are spent to register a domain name, they are destroyed. More details here: https://github.com/vinced/namecoin/blob/master/FAQ.md

Note that even though the mining reward remains constant, the network fee to register a domain goes down quickly over time. Quote: "The network fee is initially high, but will be negligible after a couple of years. It is used to slow down the initial registration rate so that plenty of desirable names are left for late adopters."

Highly Irregular

Posted 2011-10-07T08:16:03.473

Reputation: 10 514

Can you provide a link? I have not herd of this before, in regards to the reward per block never loweringMaxSan 2011-10-07T09:56:06.613

Added the link...Highly Irregular 2011-10-07T09:59:55.100

1Apologies - I now see that block rewards do halve. This possible because the cost of registering a domain (which destroys coins) decreases faster than the block rewards do, so we'll never run out of Namecoins. I've updated my answer.Highly Irregular 2011-12-28T19:30:54.070