NOTE:
In PODC 2.0, we are creating an "external purse" meaning, that you can send extra BBP from your main wallet to your purse, and this purse will be used to stake collateral (so the wallet never needs unlocked to participate in PODC).
However: Even with this nice feature, operations will work like this : either A or B:
A) No BBP per rac is required. No coin*age is required. Nothing is spent from the purse day to day, and users may leave the computer off, run WCG/Cancer miners for a month, and receive 30 rewards.
Option B:
B) Rac to the power of the exponent in coin-age is required. The collateral amount is sent *daily* from the purse. Although the wallet does *not* need to be unlocked, the core wallet does need to be running (and the POBH miner does not need to be running) - this is so the core wallet can send a PODC update once per day (with the collateral amount staked out of the external purse).
**NOTE** : The BBP-coin-age per RAC is actually expressed in Coin Age. Meaning: coins are re-used each day. (Coins that are spent in a collateral Tx lose their coin age each day they are spent). (But, these coins are sent back to your external purse, and then start to age again immediately). So, a 20,000 BBP coin*age requirement means you need about 20,000 bbp~ in the external wallet continually to maintain rac rewards.
To give everyone an easy idea of exactly what the required coin age would be per exponent level, here is a chart:
The very left column is the exponent, and then we have each hypothetical RAC level). The value after the equals sign is the coin-age required for that rac level (for that exponent level).
Exp: 1.3 500=3225.98 1000=7943 1300=11171.88 2100=20839.39 2900=31704.24 3700=43517.33 4500=56127.57 5300=69431.83 6100=83354.45 6900=97837.16 7700=112833.47 8500=128305.3 9300=144220.78 10100=160552.76 10900=177,277.84 21000=415,800 42000=1,023,821 80000=2,366,012
Exp: 1.43 500=7236.48 1300=28375.2 2100=56334.39 2900=89377.69 3700=126627.63 4500=167530.5 5300=211696.9 6100=258834.2 6900=308712.49 7700=361145.11 8500=415976.76 9300=473075.67 10100=532328.31 10900=593635.54
Exp: 1.56 500=16232.79 1300=72069.52 2100=152286.74 2900=251965.38 3700=368463.68 4500=500047.8 5300=645461.52 6100=803738.08 6900=974102.33 7700=1155914.02 8500=1348632.2 9300=1551791.61 10100=1764986.32 10900=1987857.9
Exp: 1.69 500=36413.24 1300=183047.7 2100=411671.32 2900=710317.67 3700=1072163.24 4500=1492550.89 5300=1968005.1 6100=2495786.44 6900=3073653.9 7700=3699723.99 8500=4372380.86 9300=5090215.66 10100=5851983.89 10900=6656574.26
Exp: 1.82 500=81681.82 1300=464918.58 2100=1112856.37 2900=2002462.34 3700=3119802.76 4500=4454990.43 5300=6000425.98 6100=7749974.97 6900=9698517.31 7700=11841674.52 8500=14175632.47 9300=16697019.96 10100=19402822.03 10900=22290316.05
Exp: 1.95 500=183227.86 1300=1180835.87 2100=3008344.89 2900=5645157.92 3700=9078066.55 4500=13297328.62 5300=18295233.04 6100=24065405.19 6900=30602416.87 7700=37901545.03 8500=45958612.12 9300=54769874.99 10100=64331944.54 10900=74641725.59
So for example, if you vote for a 1.69 exponent, this means a researcher will need 183,047 in coin-age to be rewarded for 1300 RAC.
A researcher will need 6,656,574 in daily coin-age to be rewarded for 10,900 rac.
NOTE: If a user does not have enough, we reward the capped amount: for example if they have 36413 in coin age, the exponent is 1.69, their rac is 1500, they will receive a reward based on 500 RAC for that day (IE the capped RAC for their coin-age level).