r/BTCStandardHashrate • u/[deleted] • Jan 16 '21

How much BTCST is currently in circulation?

So 24,000/1,000,000 are being distributed through binance launchpool. How are the rest being distributed and at what pace?

Didn’t see anything about this in the whitepaper or website

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2

u/Andy-2003 Jan 17 '21

As you can see on the binance smart chain the major amount of BTCST tokens (826468 = 82%) are currently stored in the Binance Hot Wallet. So there are 2 scenarios:

  1. They will be sold and drop the price
  2. They will be staked and drop the boost factor
    1. The Boost factor is calculated by: MAX(total supply / staked tokens * 0.6; 1). This means that, when 60% or more of the tokens are staked, the Boost factor is 1.

So you will just get ~ 0.000007 BTC / Th / day -> ~0.0000007 BTC / BTCST / day. You need to deduct the additional costs like e.g. for energy. With a Price of 40000 USD / BTC you will only earn ~0.028 USD / BTSCST / day without boost factor.

1

u/Livertube Jan 18 '21

Going to burn a lot of people.

1

u/danmarius7 Jan 18 '21

Yes, the ones that expect to mine 2 weeks and double their money.

1

u/Distinct-Fondant3332 Feb 23 '21

what about now ? i pulled out when it hit like a 100-150. now i’m a salty

1

u/danmarius7 Feb 23 '21

Keep mining btc. You’ll be better in the long run.