PPC inflation in comparison to other alt-coins

d5000 · June 6, 2013, 11:10pm

(copy from: https://bitcointalk.org/index.php?topic=227395.0)
(Updated 2013-06-10: added Namecoin)

I was curious about the real inflation rate (=growth of the money supply) of major altcoins, in comparison to BTC. So I created this little “investigation” with the blockchain explorers.

I took the total amount of each coin at 2013-06-06 at 7:50 AM and compared it to the value of 2013-05-27 at the same time. The result is an approximation to the inflation for the last 10 days.

I took all major altcoins which were created more than 30 days ago, because in the case of very young coins the inflation rate would drop significantly in the next weeks (for this reason, BTB has the highest inflation in the table).

Here is the list (in %), including an estimate for 30 day- and 365 day-inflation. (Obviously it’s not the real monthly and yearly inflation but the actual inflation rate projected to 30 and 365 days)

(Actualized 2013-06-09, NMC added, BTE data actualized to same data points)


	Coin	10 day		30 day		365 day

1.	CNC*#	0.072		0.216		2.628
2. 	BTE*# 	0.141		0.423		5.146
3.      BTC	0.420		1.260		15.333
4. 	PPC+ 	0.554		1.662		20.221
5. 	NVC+ 	0.632		1.896		23.068
6. 	FTC* 	0.974		2.922		35.551
7.	NMC	1.310		3.930		47.815
8. 	FRC 	1.402		4.206		51.173
9. 	DVC 	1.572		4.716		57.378
10. 	LTC 	1.608		4.824		58.692
11. 	BQC 	3.307		9.921		120.705
12. 	TRC 	4.214		12.642		153.811
13. 	BTB*+ 	8.116		24.348		296.234

Young coins with less than 90 days of age.

Coins with a low block creation rate (BTE: last block 2013-05-31, CNC: about 5 blocks a day). Seems the difficulty is too high for the actual hashrate. In the case of BTE I took the 10 last days of May because there were no blocks in June (dead?)

= Coins with Proof-of-Stake (PoS blocks have a very low reward compared to PoW blocks)

Here are the entire calculations I made:

Block	Date			Tx				Total coins

LTC
365833	2013-06-06 07:50:02	3	102.85992842	604.611	18291154.37222158
360041	2013-05-27 07:53:01	4	77.72225458	595.662	18001554.37222158
								  289600 / 18001554 = 0.01608
PPC
51622	2013-06-06 07:49:56	1	431.95	287162.728	19169041.251295
49969	2013-05-27 07:46:53	2	11.42852	3.12	19063279.392969
								  105762 / 19063279 = 0.00554
DVC
92412	2013-06-06 07:50:41	1	50000	933935.191	4616420050
90983	2013-05-27 07:50:19	1	50000	161536.457	4544970050
								  71450000 / 4544970050 = 0.01572
TRC
140795	2013-06-06 07:49:23	1	20	21329.264	2815949.85549999
135101	2013-05-27 07:47:26	3	20.3674	23505.217	2702069.85549999
								 113880 / 2702069 = 0.04214
FRC***

28993	2013-06-06 07:38:33	8	36108.81603019	25876.102	21312585.55440119
28582	2013-05-27 07:50:07	4	16823.79062205	46204.801	21017829.81493085
									  294756 / 21017829 = 0.01402
NVC

25131	2013-06-06 07:45:17	2	1.04838		0.03	397068.666061
23392	2013-05-27 07:56:35	2	10.310396	0.026	394571.727885
								  2497 / 394571 = 0.00632
BQC

439112	2013-06-06 07:49:50	5	465.2565143	0.941	18442732
425054	2013-05-27 07:50:53	1	42		0.811	17852307.2
								  590425 / 17852307 = 0.03307
FTC*

33457	2013-06-06 08:04:43	50	13385.19007571	94.087	6691450
33134	2013-05-27 07:49:43	3	969.01333213	133.065	6626850
								  64600 / 6626850 = 0.00974
										
BTE**

18349	2013-06-06 06:23:27	4	2598.74913	35794.675	917500
18323	2013-05-27 07:16:06	32	8382.03671721	35794.675	916200
									  1300 / 916200 = 0.00141
(older data:)

18331	2013-05-31 04:50:44	32	20115.49071183	35794.675	916600
18300	2013-05-21 05:00:30	64	3182.7685	35794.675	915050
									  1550 / 915050 = 0.00169

BTB*
10386	2013-06-06 07:53:58	2	0.197887	10.981	3370.800687
8911	2013-05-27 07:48:13	1	0.172421	10.237	3117.00866
								 253 / 3117 = 0.08116

CNC**
58076	2013-06-06 04:03:02	6	2500.5952416	41.821	5110738
58034	2013-05-27 16:07:47	24	25597.18144108	41.821	5107042
								   3696 / 5107042 = 0.00072

BTC (for comparison):
2012-06-06 11234975
2012-05-27 11187975
              47000 / 11187975 = 0.00420

NMC (not sure if 100% correct, but for my purpose it should be OK)
27/05/13 7:49 - Block 112936 = 5646800
06/06/13 7:50 - Block 114420 = 5721000
				 74200 / 5721000 = 0.0131

Sources:
http://cryptocoinexplorer.com
http://blockchain.info (BTC)
http://explorer.litecoin.org (LTC)

Sunny_King · June 7, 2013, 12:35am

Yes PPC has the lowest inflation of all altcoins, lower than LTC/NMC/DVC, much lower than the new altcoins. CNC and BTE are seriously stuck chains, FRC and FTC have much higher inflation rates once they climb out of the slowdown.

calian · June 7, 2013, 1:50am

Fascinating numbers. I’d really be curious to see the difference between the inflation of the previous version of Novacoin and the current one where the stake reward percentage was massively jacked up.

d5000 · June 7, 2013, 4:12am

I will try to update the thread every month, so we have a continous inflation index, and so we could follow trends like the Novacoin issue and the CNC/BTE blockchain problems.

Feel free to comment the Bitcointalk thread too

jubalix · June 9, 2013, 10:18am

i like this, a question I had in my mind answered!

craslovell · June 9, 2013, 8:22pm

Great post, thanks for sharing this. Very informational.

d5000 · June 10, 2013, 11:01am

I have updated the thread as I had added Namecoin in the original Bitcointalk thread and updated the BTE data to the same points in time than the other coins. By the way: BTE, CNC and FTC are having massive problems at the moment, so we’ll see if this coins will survive.

sahkan · June 10, 2013, 9:52pm

Great supply growth chart! To get the inflation we would have to compare the PPC exchange pricing to fiat money over time and that would be some crazy chart…

d5000 · June 11, 2013, 3:02pm

Actually when we speak colloquially about inflation, we mean not the “exchange rate” but the “consumer price index”. But there is very little information about prices for consumer goods in PPC for now So a full-fledged inflation index would not be possible until PPC gets more usage as a currency.

sahkan · June 11, 2013, 7:19pm

Exactly, so in our case consumer price index is based on how much fiat money we can get for the PPC thus you can buy anything you want with PPC, all you have to do is exchange it first. Anyway, my point was that it is a great chart and I APPRECIATE THE WORK YOU PUT IN IT.

d5000 · June 11, 2013, 11:18pm

Yes, I got it, thanks Was just an idea how I could improve this in the future, although there is a long way to go still until a real PPC inflation index is possible. First step would probably be a market like the new Feathercoin marketplace. But even with BTC a consumer prices index would be difficult for now since most shops use BitPay or other BTC-to-fiat processors.

Luckybit · June 13, 2013, 1:18pm

[quote=“d5000, post:1, topic:121”](copy from: https://bitcointalk.org/index.php?topic=227395.0)
(Updated 2013-06-10: added Namecoin)

I was curious about the real inflation rate (=growth of the money supply) of major altcoins, in comparison to BTC. So I created this little “investigation” with the blockchain explorers.

I took the total amount of each coin at 2013-06-06 at 7:50 AM and compared it to the value of 2013-05-27 at the same time. The result is an approximation to the inflation for the last 10 days.

I took all major altcoins which were created more than 30 days ago, because in the case of very young coins the inflation rate would drop significantly in the next weeks (for this reason, BTB has the highest inflation in the table).

Here is the list (in %), including an estimate for 30 day- and 365 day-inflation. (Obviously it’s not the real monthly and yearly inflation but the actual inflation rate projected to 30 and 365 days)

(Actualized 2013-06-09, NMC added, BTE data actualized to same data points)


	Coin	10 day		30 day		365 day

1.	CNC*#	0.072		0.216		2.628
2. 	BTE*# 	0.141		0.423		5.146
3.      BTC	0.420		1.260		15.333
4. 	PPC+ 	0.554		1.662		20.221
5. 	NVC+ 	0.632		1.896		23.068
6. 	FTC* 	0.974		2.922		35.551
7.	NMC	1.310		3.930		47.815
8. 	FRC 	1.402		4.206		51.173
9. 	DVC 	1.572		4.716		57.378
10. 	LTC 	1.608		4.824		58.692
11. 	BQC 	3.307		9.921		120.705
12. 	TRC 	4.214		12.642		153.811
13. 	BTB*+ 	8.116		24.348		296.234

Young coins with less than 90 days of age.

Coins with a low block creation rate (BTE: last block 2013-05-31, CNC: about 5 blocks a day). Seems the difficulty is too high for the actual hashrate. In the case of BTE I took the 10 last days of May because there were no blocks in June (dead?)

= Coins with Proof-of-Stake (PoS blocks have a very low reward compared to PoW blocks)

Here are the entire calculations I made:

Block	Date			Tx				Total coins

LTC
365833	2013-06-06 07:50:02	3	102.85992842	604.611	18291154.37222158
360041	2013-05-27 07:53:01	4	77.72225458	595.662	18001554.37222158
								  289600 / 18001554 = 0.01608
PPC
51622	2013-06-06 07:49:56	1	431.95	287162.728	19169041.251295
49969	2013-05-27 07:46:53	2	11.42852	3.12	19063279.392969
								  105762 / 19063279 = 0.00554
DVC
92412	2013-06-06 07:50:41	1	50000	933935.191	4616420050
90983	2013-05-27 07:50:19	1	50000	161536.457	4544970050
								  71450000 / 4544970050 = 0.01572
TRC
140795	2013-06-06 07:49:23	1	20	21329.264	2815949.85549999
135101	2013-05-27 07:47:26	3	20.3674	23505.217	2702069.85549999
								 113880 / 2702069 = 0.04214
FRC***

28993	2013-06-06 07:38:33	8	36108.81603019	25876.102	21312585.55440119
28582	2013-05-27 07:50:07	4	16823.79062205	46204.801	21017829.81493085
									  294756 / 21017829 = 0.01402
NVC

25131	2013-06-06 07:45:17	2	1.04838		0.03	397068.666061
23392	2013-05-27 07:56:35	2	10.310396	0.026	394571.727885
								  2497 / 394571 = 0.00632
BQC

439112	2013-06-06 07:49:50	5	465.2565143	0.941	18442732
425054	2013-05-27 07:50:53	1	42		0.811	17852307.2
								  590425 / 17852307 = 0.03307
FTC*

33457	2013-06-06 08:04:43	50	13385.19007571	94.087	6691450
33134	2013-05-27 07:49:43	3	969.01333213	133.065	6626850
								  64600 / 6626850 = 0.00974
										
BTE**

18349	2013-06-06 06:23:27	4	2598.74913	35794.675	917500
18323	2013-05-27 07:16:06	32	8382.03671721	35794.675	916200
									  1300 / 916200 = 0.00141
(older data:)

18331	2013-05-31 04:50:44	32	20115.49071183	35794.675	916600
18300	2013-05-21 05:00:30	64	3182.7685	35794.675	915050
									  1550 / 915050 = 0.00169

BTB*
10386	2013-06-06 07:53:58	2	0.197887	10.981	3370.800687
8911	2013-05-27 07:48:13	1	0.172421	10.237	3117.00866
								 253 / 3117 = 0.08116

CNC**
58076	2013-06-06 04:03:02	6	2500.5952416	41.821	5110738
58034	2013-05-27 16:07:47	24	25597.18144108	41.821	5107042
								   3696 / 5107042 = 0.00072

BTC (for comparison):
2012-06-06 11234975
2012-05-27 11187975
              47000 / 11187975 = 0.00420

NMC (not sure if 100% correct, but for my purpose it should be OK)
27/05/13 7:49 - Block 112936 = 5646800
06/06/13 7:50 - Block 114420 = 5721000
				 74200 / 5721000 = 0.0131

Sources:
http://cryptocoinexplorer.com
http://blockchain.info (BTC)
http://explorer.litecoin.org (LTC)[/quote]

Very interesting numbers. Maybe I was wrong?

I think PPC needs some startups and mechanisms for people to buy PPC direct with USD.

d5000 · June 26, 2013, 8:00pm

New issue with first real 30-day-data on Bitcointalk. Feel free to comment & criticise it

https://bitcointalk.org/index.php?topic=227395.new#new