Monero Announces the Launch of Much-Awaited Tail Emission
2022.06.10 18:11
Monero Announces the Launch of Much-Awaited Tail Emission
- Monero team announced the launch of its Tail Emission feature on June 8.
- It is considered a milestone for Monero.
- It will ensure a 0.6 XMR mining reward per block.
Monero’s much-awaited Tail emission is live as per the announcement by their official Twitter (NYSE:TWTR) handle. According to the announcement, Tail emission went live on June 8 after 9 PM UTC.
The emission will ensure 0.6 XMR that will be issued per block. Reportedly, regardless of how the fee market behaves, the miners will be provided a secure mining reward.
It’s finally here!
The Monero #TailEmission starts today!
After ~9p ET (~1 UTC), #Monero will issue 0.6 #XMR per block in perpetuity. This ensures a permanent security mining incentive, regardless of the fee market.
A great thread on the tail emission: https://t.co/duHOqB1qCZ
— Monero (XMR) (@monero) June 8, 2022
The tail emission, as stated before, was supposed to start at the end of May. In layman’s terms, a tail emission is a never-ending subsidy of block rewards. This means that the block rewards will not go to zero.
Block payouts will be fixed at 0.6 XM per block beyond this point. Due to the high cost of mining equipment and decreasing payouts, tail emission will ensure that mining does not become unprofitable. This is precisely the problem that tail emission aims to solve.
Unlike the Bitcoin community, the Monero community decided to impose a minimum subsidy in order to assure dynamic block size, fair fees, and lower bound network security.
Compared to other cryptocurrencies, which reduce the reward to zero, the tail emission guarantees a 0.6 XMR reward to every miner in the block. Unlike the rewards provided by other cryptocurrencies, the 0.6 XMR incentive is linear, making Monero a deflationary asset.
Like Bitcoin miners, Monero miners don’t have to rely entirely on the transaction fees of mining. The miners will have a steady income as a result of this. In addition, the tail emission ensures that new Monero enters circulation to replace those that have been lost.
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