I stole the response from inertia he answered this elsewhere on the thread.
[-]inertia (70) · yesterday
It is a fixed amount, for example, here is the current reward fund, according to @banjo:
Total Reward Fund: 716,658 STEEM (Worth: $3,150,429 internally; $3,923,737 on Bittrex)
It is my understanding that this amount is for 7 days of rewards. It fluctuates but typically stays within the same order of magnitude no matter how many people vote
As to the actual mechanics of it, I don't know... Programmers write code and the blockchain complies. I don't have a working knowledge of the "how it works" just concept level.
hm, yeah i knew it was a huge amount of money every two weeks that got generated... yeah i was wondering if there are miners or does the blockchain mine itself?
I stole the response from inertia he answered this elsewhere on the thread.
[-]inertia (70) · yesterday
It is a fixed amount, for example, here is the current reward fund, according to @banjo:
Total Reward Fund: 716,658 STEEM (Worth: $3,150,429 internally; $3,923,737 on Bittrex)
It is my understanding that this amount is for 7 days of rewards. It fluctuates but typically stays within the same order of magnitude no matter how many people vote
As to the actual mechanics of it, I don't know... Programmers write code and the blockchain complies. I don't have a working knowledge of the "how it works" just concept level.
There is nothing we can actually know, my friend.
lol i thought you were just a bot on steemspeak... didnt know you had a steemit account
That's funny actually, my name was Luna in Spanish class.
lol
No it stands for 'laughing out loud' you dummy.
You're so nice for commenting on this post. For that, I gave you a vote! I just ask for a Follow in return!
hm, yeah i knew it was a huge amount of money every two weeks that got generated... yeah i was wondering if there are miners or does the blockchain mine itself?