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Propose new decay rate for block rewards #8

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mctrivia
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@mctrivia mctrivia commented Jan 7, 2021

DigiByte current block rewards end on block 40265288 with 90.29 DGB/block this is a huge drop to 0 and probably way to close to the current date for tx fees to take over.

I propose we change the decay rate of the rewards at block 12993200 from 0.98884 to 0.98652 this will make almost no difference to rewards over the next 5 years but will stretch the rewards phase to block 116731970 with a 0.16 DGB/block reward.

I have written a block reward simulator so you can easily double check my math available at https://github.com/mctrivia/dgb_reward_simulator

@mctrivia
Propose new decay rate for block rewards
6fd7838 
DigiByte current block rewards end on block 40265288 with 90.29 DGB/block this is a huge drop to 0 and probably way to close to the current date for tx fees to take over.

I propose we change the decay rate of the rewards at block 12993200 from 0.98884 to 0.98652 this will make almost no difference to rewards over the next 5 years but will stretch the rewards phase to block 116731970 with a 0.16 DGB/block reward.

I have written a block reward simulator so you can easily double check my math available at https://github.com/mctrivia/dgb_reward_simulator
@ChillingSilence
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Thanks @mctrivia , and it's worth noting here a few of the things we talked about when I raised this with you earlier in the week:

  • Changing the emission rate
  • Extending the timeframe for emissions
  • A combination of both
    Each has merits and possible pitfalls, but the main thing worth highlighting is avoiding the sharp drop from 90 DGB (plus tx-fees naturally) to 0 DGB once the MAX_MONEY (21 billion) is reached, all in the space of a single block. As such, smoothing that out seems very sensible.

It's entirely plausible that closer to that time one of DigiBytes algorithms may well be staking or some other less power-intensive work, which would lessen the need for miners to obtain reward to reimburse them for power, however that's too far into the future for my crystal ball to see.

Can you highlight please the reasons for the suggestion of changing the emissions to go until 116731970, as I believe that will add ~36 years to the mining-reward flow.

Thank you also for correcting:
//subsidy at hard fork: 2157

It's probably also worth there being a bit of a discussion (which I'm aware a lot of it will likely take place off GitHub) around if the change of PoW algorithms should occur prior to or after this proposed change at Block 12993200.

Again for any viewers, none of this is set in stone, but it's worth having a discussion about, and thank you Matthew for checking over and correcting the numbers I had initially run.

@mctrivia
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mctrivia commented Jan 7, 2021

The reason for extending the payouts to 116731970 is for 2 reasons.

it gives a nice decay to almost 0
to give another 30 years for tx fees to rise. We are now 7 years in to DGB and tx fees paid to miners are still almost 0. 14 years does not seem soon enough for the tx fees to raise so much that they are meaningful. With the new time line miners would still be making 62.59380264/block when they would have dropped to 0. 116million does sound like a lot but the rewards are bellow 1DGB/block after 93.5million leaving something to help encourage what will likely be a staking algo.

@ChillingSilence
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Any reason on 116731970 rather than, say, 117000000? Just nitpicking out of curiousities sake to hear the reasoning 👍

@mctrivia
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mctrivia commented Jan 7, 2021 •
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Thats where the supply hit 21billion. I just kept adjusting the number until the decay didn't hit 0 before 21billion but ran as long as possible.

@gto90 gto90 closed this Jan 23, 2021
@gto90 gto90 deleted the branch DigiByte-Core:8.20.1 January 23, 2021 02:50
@mctrivia mctrivia deleted the patch-3 branch January 23, 2021 04:16
JaredTate pushed a commit that referenced this pull request Jul 9, 2025
@fanquake @JaredTate
Merge bitcoin/bitcoin#24426: test: Fix intermittent Tsan issue
6c971ac 
fa7e147 test: Fix intermittent Tsan issue (MarcoFalke)

Pull request description:

  Fix https://cirrus-ci.com/task/5176769937408000?logs=ci#L5161

  ```
  WARNING: ThreadSanitizer: data race (pid=22965)
    Write of size 8 at 0x7f74d5e21f50 by main thread:
      #0 std::__1::ios_base::precision(long) /usr/lib/llvm-13/bin/../include/c++/v1/ios:513:18 (test_bitcoin+0x1a8366)
      #1 boost::io::ios_base_all_saver::restore() /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/io/ios_state.hpp:341:17 (test_bitcoin+0x1a8366)
      #2 boost::unit_test::unit_test_log_t::operator<<(boost::unit_test::log::begin const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/unit_test_log.ipp:336:55 (test_bitcoin+0x1a8366)
      #3 boost::test_tools::tt_detail::report_assertion(boost::test_tools::assertion_result const&, boost::unit_test::lazy_ostream const&, boost::unit_test::basic_cstring<char const>, unsigned long, boost::test_tools::tt_detail::tool_level, boost::test_tools::tt_detail::check_type, unsigned long, ...) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/test_tools.ipp:359:19 (test_bitcoin+0x1b3b9b)
      #4 txindex_tests::txindex_initial_sync::test_method() src/test/txindex_tests.cpp:31:5 (test_bitcoin+0x78aebc)
      #5 txindex_tests::txindex_initial_sync_invoker() src/test/txindex_tests.cpp:16:1 (test_bitcoin+0x78a384)
      #6 boost::detail::function::void_function_invoker0<void (*)(), void>::invoke(boost::detail::function::function_buffer&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/function/function_template.hpp:117:11 (test_bitcoin+0x2bf30d)
      #7 boost::function0<void>::operator()() const /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/function/function_template.hpp:763:14 (test_bitcoin+0x224027)
      #8 boost::detail::forward::operator()() /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:1368:32 (test_bitcoin+0x224027)
      #9 boost::detail::function::function_obj_invoker0<boost::detail::forward, int>::invoke(boost::detail::function::function_buffer&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/function/function_template.hpp:137:18 (test_bitcoin+0x224027)
      #10 boost::function0<int>::operator()() const /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/function/function_template.hpp:763:14 (test_bitcoin+0x1ac66c)
      #11 int boost::detail::do_invoke<boost::shared_ptr<boost::detail::translator_holder_base>, boost::function<int ()> >(boost::shared_ptr<boost::detail::translator_holder_base> const&, boost::function<int ()> const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:290:30 (test_bitcoin+0x1ac66c)
      #12 boost::execution_monitor::catch_signals(boost::function<int ()> const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:879:16 (test_bitcoin+0x1ac66c)
      #13 boost::execution_monitor::execute(boost::function<int ()> const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:1277:16 (test_bitcoin+0x1ac980)
      #14 boost::execution_monitor::vexecute(boost::function<void ()> const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:1377:5 (test_bitcoin+0x1a7f9b)
      #15 boost::unit_test::unit_test_monitor_t::execute_and_translate(boost::function<void ()> const&, unsigned long) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/unit_test_monitor.ipp:49:9 (test_bitcoin+0x1a7f9b)
      #16 boost::unit_test::framework::state::execute_test_tree(unsigned long, unsigned long, boost::unit_test::framework::state::random_generator_helper const*) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/framework.ipp:823:44 (test_bitcoin+0x1e0d5c)
      #17 boost::unit_test::framework::state::execute_test_tree(unsigned long, unsigned long, boost::unit_test::framework::state::random_generator_helper const*) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/framework.ipp:792:58 (test_bitcoin+0x1e14a6)
      #18 boost::unit_test::framework::state::execute_test_tree(unsigned long, unsigned long, boost::unit_test::framework::state::random_generator_helper const*) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/framework.ipp:792:58 (test_bitcoin+0x1e14a6)
      #19 boost::unit_test::framework::run(unsigned long, bool) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/framework.ipp:1696:29 (test_bitcoin+0x1a6bfb)
      #20 boost::unit_test::unit_test_main(boost::unit_test::test_suite* (*)(int, char**), int, char**) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/unit_test_main.ipp:248:9 (test_bitcoin+0x1c4ed6)
      #21 main /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/unit_test_main.ipp:304:12 (test_bitcoin+0x1c5506)
    Previous write of size 8 at 0x7f74d5e21f50 by thread T4:
      [failed to restore the stack]
    Location is global 'std::__1::cout' of size 160 at 0x7f74d5e21f30 (libc++.so.1+0x0000000cdf50)
    Thread T4 'b-txindex' (tid=22989, running) created by main thread at:
      #0 pthread_create <null> (test_bitcoin+0x1184cd)
      #1 std::__1::__libcpp_thread_create(unsigned long*, void* (*)(void*), void*) /usr/lib/llvm-13/bin/../include/c++/v1/__threading_support:514:10 (test_bitcoin+0xa23f1b)
      #2 std::__1::thread::thread<void (*)(char const*, std::__1::function<void ()>), char const*, BaseIndex::Start(CChainState&)::$_0, void>(void (*&&)(char const*, std::__1::function<void ()>), char const*&&, BaseIndex::Start(CChainState&)::$_0&&) /usr/lib/llvm-13/bin/../include/c++/v1/thread:307:16 (test_bitcoin+0xa23f1b)
      #3 BaseIndex::Start(CChainState&) src/index/base.cpp:363:21 (test_bitcoin+0xa23f1b)
      #4 txindex_tests::txindex_initial_sync::test_method() src/test/txindex_tests.cpp:31:5 (test_bitcoin+0x78adfa)
      #5 txindex_tests::txindex_initial_sync_invoker() src/test/txindex_tests.cpp:16:1 (test_bitcoin+0x78a384)
      #6 boost::detail::function::void_function_invoker0<void (*)(), void>::invoke(boost::detail::function::function_buffer&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/function/function_template.hpp:117:11 (test_bitcoin+0x2bf30d)
      #7 boost::function0<void>::operator()() const /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/function/function_template.hpp:763:14 (test_bitcoin+0x224027)
      #8 boost::detail::forward::operator()() /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:1368:32 (test_bitcoin+0x224027)
      #9 boost::detail::function::function_obj_invoker0<boost::detail::forward, int>::invoke(boost::detail::function::function_buffer&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/function/function_template.hpp:137:18 (test_bitcoin+0x224027)
      #10 boost::function0<int>::operator()() const /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/function/function_template.hpp:763:14 (test_bitcoin+0x1ac66c)
      #11 int boost::detail::do_invoke<boost::shared_ptr<boost::detail::translator_holder_base>, boost::function<int ()> >(boost::shared_ptr<boost::detail::translator_holder_base> const&, boost::function<int ()> const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:290:30 (test_bitcoin+0x1ac66c)
      #12 boost::execution_monitor::catch_signals(boost::function<int ()> const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:879:16 (test_bitcoin+0x1ac66c)
      #13 boost::execution_monitor::execute(boost::function<int ()> const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:1277:16 (test_bitcoin+0x1ac980)
      #14 boost::execution_monitor::vexecute(boost::function<void ()> const&) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/execution_monitor.ipp:1377:5 (test_bitcoin+0x1a7f9b)
      #15 boost::unit_test::unit_test_monitor_t::execute_and_translate(boost::function<void ()> const&, unsigned long) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/unit_test_monitor.ipp:49:9 (test_bitcoin+0x1a7f9b)
      #16 boost::unit_test::framework::state::execute_test_tree(unsigned long, unsigned long, boost::unit_test::framework::state::random_generator_helper const*) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/framework.ipp:823:44 (test_bitcoin+0x1e0d5c)
      #17 boost::unit_test::framework::state::execute_test_tree(unsigned long, unsigned long, boost::unit_test::framework::state::random_generator_helper const*) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/framework.ipp:792:58 (test_bitcoin+0x1e14a6)
      #18 boost::unit_test::framework::state::execute_test_tree(unsigned long, unsigned long, boost::unit_test::framework::state::random_generator_helper const*) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/framework.ipp:792:58 (test_bitcoin+0x1e14a6)
      #19 boost::unit_test::framework::run(unsigned long, bool) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/framework.ipp:1696:29 (test_bitcoin+0x1a6bfb)
      #20 boost::unit_test::unit_test_main(boost::unit_test::test_suite* (*)(int, char**), int, char**) /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/unit_test_main.ipp:248:9 (test_bitcoin+0x1c4ed6)
      #21 main /tmp/cirrus-ci-build/depends/x86_64-pc-linux-gnu/include/boost/test/impl/unit_test_main.ipp:304:12 (test_bitcoin+0x1c5506)
  SUMMARY: ThreadSanitizer: data race /usr/lib/llvm-13/bin/../include/c++/v1/ios:513:18 in std::__1::ios_base::precision(long)
  ==================
  Exit status: 2

ACKs for top commit:
  fanquake:
    CI ignored ACK fa7e147

Tree-SHA512: 5194e026410b96ad3c8addeecce0a55ee0271c3cfac9fa0715345b1a50d59925549cee0a3e415e5837ae6d2f214a7b622c73cfc7fdf41d5e55c24fb87fddb9d1
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3 participants
@mctrivia @ChillingSilence @gto90