LISK - Delegates forging rewards and halving incoming
lisk·@bluephoenix·
0.000 HBDLISK - Delegates forging rewards and halving incoming
<html> <p>A few months ago, I have written an article on "<a href="https://steemit.com/lisk/@bluephoenix/lisk-a-strategy-to-maximize-your-profit-tools-list-included">How to maximize your profit in LISK voting</a>". But have you ever wonder how many LISK per day that each delegate in the top 101 "forge"? In this article, I have done some simple calculations on the earnings as well as expressed my thoughts on the halving event "soon-to-come".</p> <p><img src="http://www.hec.edu/var/corporate/storage/images/knowledge/strategie-et-management/innovation-et-entrepreneuriat/revenus-de-l-entrepreneuriat/391083-6-eng-GB/Earnings-from-entrepreneurship-less-than-salaried-employment-or-just-less-measurable_knowledge_standard.png" width="1000" height="563"/></p> <h1>1. Delegate Forging Reward</h1> <p>In order to calculate the earnings, we need the block generation time and delegate cycle information. According to the official FAQ on the official Lisk website (<a href="www.lisk.io">www.lisk.io</a>) and chain explorer (<a href="https://explorer.lisk.io/">https://explorer.lisk.io/)</a>, at the time of this article:</p> <ul> <li>Block reward is <strong>5 LSK</strong></li> <li>Block time is <strong>10 seconds</strong>, take 101 delegates into account, we would have <strong>1010 seconds</strong> <strong>(~ 17 minutes)/ round</strong>. (<em>Source</em>: <a href="https://docs.lisk.io/docs/faq-network#section-how-long-is-a-delegate-round-">https://docs.lisk.io/docs/faq-network#section-how-long-is-a-delegate-round-</a>)</li> </ul> <p><img src="https://steemitimages.com/DQmUJumZS7FkVG9SRiz9wtjmZ1sGhFvQzPFjXNHC2D4ngqW/image.png" width="1020" height="146"/></p> <ul> <li>Now, since I want to be as much precise as possible, let's take <strong>seconds</strong> into our formula. Thus we would have earnings per day for each delegates:</li> <li><strong>Blocks forged per day</strong> = (24 hours * 60 minutes * 60 seconds) / (1010 seconds Delegate cycle time) = ~<strong>85.5 blocks</strong></li> <li>Not only delegates get the default <strong>5 LSK</strong> reward per block, they also earn the transaction fees (currently 0.1 LSK / tx) if there are any in that block. Let's assume the they would get the basic <strong>5 LSK WITHOUT any tx fee</strong> </li> </ul> <h2><strong>Earnings per day = 85.5 blocks * 5 =427 LSK / day ==> 1 month is roughly 12 831 LSK</strong></h2> <p>(assuming all delegates are 100% succeed in forging blocks - no down time)</p> <h1>2. Halving Incoming</h1> <p>I believe many of you have heard about the halving "soon-to-come". So when exactly it is? According to the Lisk protocol reward:</p> <p><img src="https://steemitimages.com/DQmPgZkqzZwSpZBFNTRJHCs3nB4MKS5bJF9sd6krrKQcQCy/image.png" width="508" height="306"/></p> <p>At the time writing this article, we are at block <strong>4124088</strong>. The next milestone is at block <strong>4451520.</strong> Put that into the same formula above, we would have:</p> <p>Numbers of blocks left * Blocks time = (4451520 - 4124088)*10 seconds= 327432 seconds = ~ <strong>38 days left</strong></p> <h2><strong>Thus the next reward "halving" is around 18th November 2017</strong></h2> <h1><strong>3. Verdict</strong></h1> <p>If you want to know how much delegates are "sharing their rewards" with you, you can either go to <a href="https://dpostools.com/LISK">https://www.dpostools.com/LISK</a> or <a href="https://www.earnlisk.com/">https://www.earnlisk.com</a> . So you can easily see that most delegates share from little as 5% to 100% of their rewards (yea, from nearly<strong> 13000 LSK</strong> <strong>/ month</strong>). I know that many of them are actively contributing to the network and community; however, i also believe that <strong>not-a-small</strong> number of delegates are actually doing nothing but just <strong>pooling together, manipulating the network while sharing little rewards</strong>.</p> <p>Furthermore, the halving will reduce our voters' earnings for <strong>20% (from 5 LSK/block to then 4 LSK)</strong>. Then later, when LSK increases in price, I believe we truly need to research and to only vote for those who actively contribute to the network.... because it will cost us more to vote and change votes!</p> <p>So what do you think?</p> <p><strong>LISK Tip Jar</strong>: 16588147351803730124L (Thanks!)</p> </html>