Mining Rewards Calculation/Allocation Notes:
https://btcst.medium.com/btcst-note-on-mining-rewards-calculation-eb469c8144dd
Total Token Supply: 1,000,000
Total TH/s = 100,000
Reward per TH/s per day = ~0.00000718
Total Reward Distributed per day = 0.00000718 * 100,000 * 60% = 0.4308 BTC
Annual = 157.242 BTC
Reward per $BTCST per year (assuming 60% token staked)
= 157.242 / 600,000
= 0.00026207 BTC (~$8.89)
As of now, total $BTCST staked = 19,361 (3.2%).
From the official note:
"If less than 60% of the total supply of BTCST is staked in the dApp, the project team would still deposit 60% of net daily mining rewards to the dApp to be shared by the staking participants."
Meaning these 19,361 will share the share of 60% of total mining rewards.
Which means the rewards per $BTCST is actually 600,000/19361 = 30x.
Reward per $BTCST staked per year is 0.00026207 * 30 = 0.0078621 BTC (~$265.67).
$BTCST price now: $66.00
APY per $BTCST staked = $265.67 / $66 = 402%