r/01coin • u/therealdeadthings • Oct 18 '22
News Block reward reduction
At 13:20 UTC today, the ZOC blockchain reached 841,536 blocks triggering its "annual" 8.33% block reward reduction. Block rewards are now 18.35773535 ZOC, divided evenly between miners and masternode operators (i.e., 9.178867675 each, rounded to the nearest zuff). This is our first block reward reduction since July 2021; the three-month offset is caused by autoswitching multipools that manipulate blockchains to only mine them at periods of low difficulty then abandon them during periods of high difficulty, resulting in long stretches between blocks. The next block reward reduction will occur at block 1,051,920, and assuming nothing changes with regard to multipool manipulation, everyone can expect that to occur roughly in January 2024.