To estimate when Verge mining will stop, we'll consider the current block reward, block time, and total supply.
*Assumptions:*
1. Current block reward: 2 XVG per block
2. Block time: 30 seconds
3. Total supply: 16,555,000,000 XVG
4. Block reward halving: Every 4 years (approx. 210,000 blocks)
*Calculations:*
1. Blocks per year: 31,536,000 (60 minutes/hour × 24 hours/day × 365 days/year ÷ 30 seconds/block)
2. XVG mined per year: 63,072,000 (2 XVG/block × 31,536,000 blocks/year)
3. Years to mine remaining supply:
- Remaining supply: 16,555,000,000 - (circulating supply) ≈ 2,455,000,000 (assuming 85% of total supply is already mined)
- Years to mine remaining supply: 2,455,000,000 / 63,072,000 ≈ 38.9 years
*Estimated Stop Date:*
Based on these calculations, Verge mining will likely stop around:
- 2062 (approximately 38.9 years from now)
*Note:* This estimate assumes:
- Constant block reward and block time
- No changes to the mining algorithm or consensus mechanism
- Continuous mining activity
- No significant increase in mining difficulty
Keep in mind that this is a rough estimate and actual mining stop date may vary.
After this calculations do you think XVG can hit $1 anytime soon?