Warning! Presented results are not a promise of future profits! All they show is what APPROXIMATE amount of reward a person could receive ON AVERAGE diff --git a/cardano-calculator/assets/js/cardano-calculator.js b/cardano-calculator/assets/js/cardano-calculator.js index 3a8b413..10a2c52 100644 --- a/cardano-calculator/assets/js/cardano-calculator.js +++ b/cardano-calculator/assets/js/cardano-calculator.js @@ -255,19 +255,19 @@ function initNumpad() { $.fn.numpad.defaults.backgroundTpl = '
'; $.fn.numpad.defaults.displayTpl = ''; $.fn.numpad.defaults.rowTpl = ''; - $.fn.numpad.defaults.rowFooter = 'All information for calculations are taken from these documents:
+INFL - the level of inflation in yearly percentile reserve decreaseYEAR - number of full years since the launch of the stakingSTAKE - your stake in coinsTOTAL_STAKE - total stake in the system in coinsTX_EPOCH - average number of transactions each epoch (5 days)TX_SIZE - average size of a transactionTAX - the percentage of profits taxed towards the treasuryPOOL_FEE - the percentage of profits that pool takes as a feeAll information for calculations are taken from these documents:
-
- MINT = 13,887,515,354 * (1 - INFL)YEAR * inflation
- FEES = ((73 * TX_EPOCH) * 0.155381) + ((73 * TX_EPOCH) * TX_SIZE * 0.000043946)
- RESULT = (((MINT + FEES) - TAX) * (STAKE / TOTAL_STAKE)) - POOL_FEE
-
+
- INFL - the level of inflation in yearly percentile reserve decreaseYEAR - number of full years since the launch of the stakingSTAKE - your stake in coinsTOTAL_STAKE - total stake in the system in coinsTX_EPOCH - average number of transactions each epoch (5 days)TX_SIZE - average size of a transactionTAX - the percentage of profits taxed towards the treasuryPOOL_FEE - the percentage of profits that pool takes as a feeFirst we calculate how much coins will be issued this year as an inflation:
+
+ MINT = 13,887,515,354 * (1 - INFL)YEAR * inflation
+ FEES = ((73 * TX_EPOCH) * 0.155381) + ((73 * TX_EPOCH) * TX_SIZE * 0.000043946)
+ RESULT = (((MINT + FEES) - TAX) * (STAKE / TOTAL_STAKE)) - POOL_FEE
+
-
- MINT = 13,887,515,354 * (1 - INFL)YEAR * INFL
-
+ The 13 billions number is taken from the monetary policy and represents the total reserve - of coins not issued from the beginning. These coins will be gradually issued thru minting - using formula above to calculate the amount. Formula is taken from the staking explanation post.
+For example: if we take an arbitrary example of 5% reserve decrease, and calculated it for the - second year (1 whole year after launch), then it would give us:
+First we calculate how much coins will be issued this year as an inflation:
-
- 13,887,515,354 * (1 - 5%)1 * 5% = 659,656,979.315
-
+
+ MINT = 13,887,515,354 * (1 - INFL)YEAR * INFL
+
- Just under 660 millions of newly minted ADA in the second year of staking.
+The 13 billions number is taken from the monetary policy and represents the total reserve + of coins not issued from the beginning. These coins will be gradually issued thru minting + using formula above to calculate the amount. Formula is taken from the staking explanation post.
-The MINT value now gives us notion of how much new coins will
- be issued to reward people. But there are also fees that users pay to send coins or execute any
- transactions. Total fees for the whole year are calculated like this:
For example: if we take an arbitrary example of 5% reserve decrease, and calculated it for the + second year (1 whole year after launch), then it would give us:
-
+ 13,887,515,354 * (1 - 5%)1 * 5% = 659,656,979.315
+
-
- TX_YEAR = 73 * TX_EPOCH
- FIXED_FEES = TX_YEAR * 0.155381
- SIZE_FEES = TX_YEAR * TX_SIZE * 0.000043946
- FEES = FIXED_FEES + SIZE_FEES
-
+ Just under 660 millions of newly minted ADA in the second year of staking.
-TX_YEAR gives us the average number of transactions for the whole year.
- One year consists of 73 epochs. For now it's fixed, but in theory also may change.
- Best practice would be to make it a separate parameter EPOCH_YEAR
The MINT value now gives us notion of how much new coins will
+ be issued to reward people. But there are also fees that users pay to send coins or execute any
+ transactions. Total fees for the whole year are calculated like this:
FIXED_FEES is the number of all transactions per year multiplied by
- the fixed transaction cost as described in the staking explanation post.
- It also might change in the future so would be best to define parameter TX_FEE_FIXED
SIZE_FEES is the sum of all bytes of all transactions per year multiplied by
- the byte cost as described in the staking explanation post.
- It also might change in the future so would be best to define parameter TX_FEE_PER_BYTE
For example: if we take current average number of transaction from - the actual tracker it would be around 15,000. - And if we take an average transaction size to be 458 byte, as can be seen in the statistics. - Then we could calculate:
+
+ TX_YEAR = 73 * TX_EPOCH
+ FIXED_FEES = TX_YEAR * 0.155381
+ SIZE_FEES = TX_YEAR * TX_SIZE * 0.000043946
+ FEES = FIXED_FEES + SIZE_FEES
+
-
- TX_YEAR = 73 * 15,000 = 1,095,000
- FIXED_FEES = 1,095,000 * 0.155381 = 170,142.195
- SIZE_FEES = 1,095,000 * 458 * 0.000043946 = 22,039.35846
- FEES = 170,142.195 + 22,039.35846 = 192,181.55346
-
+ TX_YEAR gives us the average number of transactions for the whole year.
+ One year consists of 73 epochs. For now it's fixed, but in theory also may change.
+ Best practice would be to make it a separate parameter EPOCH_YEAR
FIXED_FEES is the number of all transactions per year multiplied by
+ the fixed transaction cost as described in the staking explanation post.
+ It also might change in the future so would be best to define parameter TX_FEE_FIXED
SIZE_FEES is the sum of all bytes of all transactions per year multiplied by
+ the byte cost as described in the staking explanation post.
+ It also might change in the future so would be best to define parameter TX_FEE_PER_BYTE
For example: if we take current average number of transaction from + the actual tracker it would be around 15,000. + And if we take an average transaction size to be 458 byte, as can be seen in the statistics. + Then we could calculate:
-
- UNTAXED_REWARD = MINT + FEES
- TAXED_REWARD = UNTAXED_REWARD - TAX
-
+
+ TX_YEAR = 73 * 15,000 = 1,095,000
+ FIXED_FEES = 1,095,000 * 0.155381 = 170,142.195
+ SIZE_FEES = 1,095,000 * 458 * 0.000043946 = 22,039.35846
+ FEES = 170,142.195 + 22,039.35846 = 192,181.55346
+
- UNTAXED_REWARD is the total pool of reward for all stakers in the system, but before
- tax is subtracted. Once we subtract some percentage of the total pool into treasury -
- we get the final TAXED_REWARD - total reward distributed among all stakers.
For example: if we take TAX to be 20% just as
- an arbitrary rational example (IOHK proposed 20% tax for ETC, but it might end up
- being be 25% for Cardano, or some other number), then calculations would go like:
- UNTAXED_REWARD = 659,656,979.315 + 192,181.55346 = 659,849,160.868
- TAXED_REWARD = 659,849,160.868 - 20% = 527,879,328.694
- SHARE = STAKE / TOTAL_STAKE
- REWARD_SHARE = TAXED_REWARD * SHARE
-
+
+ UNTAXED_REWARD = MINT + FEES
+ TAXED_REWARD = UNTAXED_REWARD - TAX
+
- Any arbitrary staker (in the pool or not) may calculate his AVERAGE share of the rewards,
- by calculating his SHARE in the total stake of the system.
- This parameter of the total stake is actually the most important one, because
- it directly and in the most significant way affects how much coins a user will receive
- by staking the same amount of coins. The lower total stake - the greater you share
- can be with the same coins staked.
UNTAXED_REWARD is the total pool of reward for all stakers in the system, but before
+ tax is subtracted. Once we subtract some percentage of the total pool into treasury -
+ we get the final TAXED_REWARD - total reward distributed among all stakers.
For example: if we take TOTAL_STAKE to be 15 billion (just as
- an arbitrary completely random example, no one knows how many actual coins will be staked) and
- we take out stake to be 42 thousand coins, then calculations would go like:
For example: if we take TAX to be 20% just as
+ an arbitrary rational example (IOHK proposed 20% tax for ETC, but it might end up
+ being be 25% for Cardano, or some other number), then calculations would go like:
- SHARE = 42,000 / 15,000,000,000 = 0.0000028
- REWARD_SHARE = 527,879,328.694 * 0.0000028 = 1,478.06212
-
+
+ UNTAXED_REWARD = 659,656,979.315 + 192,181.55346 = 659,849,160.868
+ TAXED_REWARD = 659,849,160.868 - 20% = 527,879,328.694
+ SHARE = STAKE / TOTAL_STAKE
+ REWARD_SHARE = TAXED_REWARD * SHARE
+
- This shows us that a person with a 42K coins stacked would receive ROUGHLY - about 1,478.06212 in a year, but ONLY IF there would be 15 billions of total stake.
+Any arbitrary staker (in the pool or not) may calculate his AVERAGE share of the rewards,
+ by calculating his SHARE in the total stake of the system.
+ This parameter of the total stake is actually the most important one, because
+ it directly and in the most significant way affects how much coins a user will receive
+ by staking the same amount of coins. The lower total stake - the greater you share
+ can be with the same coins staked.
For example: if we take TOTAL_STAKE to be 15 billion (just as
+ an arbitrary completely random example, no one knows how many actual coins will be staked) and
+ we take out stake to be 42 thousand coins, then calculations would go like:
- RESULT_REWARD = 1,478.06212 - 5% = 1,404.159014
-
+
+ SHARE = 42,000 / 15,000,000,000 = 0.0000028
+ REWARD_SHARE = 527,879,328.694 * 0.0000028 = 1,478.06212
+
- Pools might take fees of different size and they will define those at the moment - of the pool registration. For example: if we take a completely arbitrary number of 5%, - then calculations would go like:
+This shows us that a person with a 42K coins stacked would receive ROUGHLY + about 1,478.06212 in a year, but ONLY IF there would be 15 billions of total stake.
-This gives us the final APPROXIMATE yearly profit of 1,404.159014 for a 42K stake, or 3.34%.
+
+ RESULT_REWARD = 1,478.06212 - 5% = 1,404.159014
+
Pools might take fees of different size and they will define those at the moment + of the pool registration. For example: if we take a completely arbitrary number of 5%, + then calculations would go like:
+ +This gives us the final APPROXIMATE yearly profit of 1,404.159014 for a 42K stake, or 3.34%.
+Presented results are not a promise of future profits! - All they show is what APPROXIMATE amount of reward a person could receive ON AVERAGE - in the selected period of time (specific year) ONLY IF actual behavior of the system - would somewhat match WITH PARAMETERS SELECTED ABOVE!
+This project is strictly educational. These results just demonstrate how the formula works, and the formula is somewhat similar - to the one that will be used in the Cardano reward calculation protocol.
+As soon as any new information about the incentives system becomes available - I will update - the default parameters or the formula in this calculator. Subscribe to the informational channels, - and look out for announcements.
+Presented results are not a promise of future profits! + All they show is what APPROXIMATE amount of reward a person could receive ON AVERAGE + in the selected period of time (specific year) ONLY IF actual behavior of the system + would somewhat match WITH PARAMETERS SELECTED ABOVE!
-This project is strictly educational. These results just demonstrate how the formula works, and the formula is somewhat similar + to the one that will be used in the Cardano reward calculation protocol.
-See the Formula page to find - detailed explanation of why all those parameters are needed.Basically, after seeing this calculator - and explanation of its functionality, if someone shows you a calculator with fewer parameters - - you may be sure they are hiding something. There are some yet undefined parameters they are not showing to you.
-That's it. All those parameters are required to derive the final value. - And there's no definite value for them exist yet (or ever) like with the fixed fee cost.
+As soon as any new information about the incentives system becomes available - I will update + the default parameters or the formula in this calculator. Subscribe to the informational channels, + and look out for announcements.
-The amount of somewhat stable total stake in the system is not known at this point - and will also change in time (but not as a predictable function) until it converges - to some more or less stable value (in percentage) and will show only slight fluctuations from there on.
-The total stake is one of 2 most important parameters - along with your own stake. - These two parameters are basically decide how much you will profit, because they directly define - your share in total stake - and this value directly shows how much of yearly - inflation and yearly fees will go to you.
-So for now - there's absolutely zero available data to decide what the total stake would be in the - year one, or year two, or later on. For a real-world example we can take the "Waves" Proof-of-Stake platform - that has total stake of ~60% of its supply. - So the 15 billion number is taken completely arbitrarily just as middle ground - around 50% of supply. The main point is to SHOW you how this value affects the rewards. - So try to move it around and just plan ahead what you profits would be if the total - stake would be at this value.
-It might as well be lower in reality. But might as well be more.
+See the Formula page to find + detailed explanation of why all those parameters are needed.Basically, after seeing this calculator + and explanation of its functionality, if someone shows you a calculator with fewer parameters - + you may be sure they are hiding something. There are some yet undefined parameters they are not showing to you.
+That's it. All those parameters are required to derive the final value. + And there's no definite value for them exist yet (or ever) like with the fixed fee cost.
-Year needed, eh?The Year parameter is required, since all the other monetary
- behavior of the system changes in time - inflation decreases with total supply, fixed block
- reward changes, etc. Any calculation that does not include time may only demonstrate you a "splice"
- of time, for example, only the first year of staking.
The amount of somewhat stable total stake in the system is not known at this point + and will also change in time (but not as a predictable function) until it converges + to some more or less stable value (in percentage) and will show only slight fluctuations from there on.
+The total stake is one of 2 most important parameters - along with your own stake. + These two parameters are basically decide how much you will profit, because they directly define + your share in total stake - and this value directly shows how much of yearly + inflation and yearly fees will go to you.
+So for now - there's absolutely zero available data to decide what the total stake would be in the + year one, or year two, or later on. For a real-world example we can take the "Waves" Proof-of-Stake platform + that has total stake of ~60% of its supply. + So the 15 billion number is taken completely arbitrarily just as middle ground + around 50% of supply. The main point is to SHOW you how this value affects the rewards. + So try to move it around and just plan ahead what you profits would be if the total + stake would be at this value.
+It might as well be lower in reality. But might as well be more.
-Year starts with 2019, eh?Year needed, eh?The official date of staking release in Cardano is not defined yet, but it's somewhere in the fall of 2018. - Since profits are calculated only yearly anyways (for now) and to make controls easier and more concise - - it was decided to simply place 2019 as a first full year of staking. Basically, you can think - of that date as: "the first year when I will receive my yearly profits".
+The Year parameter is required, since all the other monetary
+ behavior of the system changes in time - inflation decreases with total supply, fixed block
+ reward changes, etc. Any calculation that does not include time may only demonstrate you a "splice"
+ of time, for example, only the first year of staking.
Year starts with 2019, eh?Yes, see the roadmap.
+The official date of staking release in Cardano is not defined yet, but it's somewhere in the fall of 2018. + Since profits are calculated only yearly anyways (for now) and to make controls easier and more concise - + it was decided to simply place 2019 as a first full year of staking. Basically, you can think + of that date as: "the first year when I will receive my yearly profits".
-See the roadmap in case it's already planned, - or propose new features here.
+Yes, see the roadmap.
-See the roadmap in case it's already planned, + or propose new features here.
As mentioned in the disclaimer:
+ +Main points of this project are:
+ +This project is educational! Remember this project if someone shows you a calculator + with a couple of fields and a single question of how big your stake is. Or if someone tries to + get an easy answer of "what the profit percentage will be" - show them this calculator.
+Also it provides a nice place for the formula explanations with an immediate example.
+ +This calculator is in the initial state. It was developed extremely fast with the + main point ot get the formula and the example to people as soon as possible. There are many + potential additional calculations possible, so project is planned for some support in the near future.
+ + +To ask development questions or propose features, you use:
+ +
+ Initially this website had awful simplistic design (or it's absence).
+ And this sections contained an invitation for anyone who can do all this stuff to help the project and to contribute
+ into improving the design. Completely out of nowhere anonymous user DEFAULTERROR1
+ opened a pull-request
+ that majorly changed the whole layout of the website and turned it into the beauty it is today.
+
+ To this day I don't know who the DEFAULTERROR1 really are, but he always will be one of the greatest
+ and appreciated contributors to this website. He saw the opportunity to help - and he took it.
+ Be like DEFAULTERROR1 :)
+
+ UPD: New additional kudos to DEFAULTERROR1 for contributing the `NumPad` feature for mobile layout!
+
If anyone wants to help with all of this, there are options:
+ +As mentioned in the disclaimer:
- -Main points of this project are:
- -This project is educational! Remember this project if someone shows you a calculator - with a couple of fields and a single question of how big your stake is. Or if someone tries to - get an easy answer of "what the profit percentage will be" - show them this calculator.
-Also it provides a nice place for the formula explanations with an immediate example.
- -This calculator is in the initial state. It was developed extremely fast with the - main point ot get the formula and the example to people as soon as possible. There are many - potential additional calculations possible, so project is planned for some support in the near future.
- - -To ask development questions or propose features, you use:
- -
- Initially this website had awful simplistic design (or it's absence).
- And this sections contained an invitation for anyone who can do all this stuff to help the project and to contribute
- into improving the design. Completely out of nowhere anonymous user DEFAULTERROR1
- opened a pull-request
- that majorly changed the whole layout of the website and turned it into the beauty it is today.
-
- To this day I don't know who the DEFAULTERROR1 really are, but he always will be one of the greatest
- and appreciated contributors to this website. He saw the opportunity to help - and he took it.
- Be like DEFAULTERROR1 :)
-
- UPD: New additional kudos to DEFAULTERROR1 for contributing the `NumPad` feature for mobile layout!
-
If anyone wants to help with all of this, there are options:
- -- Propose new features here - or - - vote on existing features here. -
- -+ Propose new features here + or + + vote on existing features here. +
+ +