Is the block reward for Namecoin 50 like Bitcoin, or is there another figure?
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Yes, it's 50, as documented here: http://www.bluishcoder.co.nz/2011/05/12/namecoin-a-dns-alternative-based-on-bitcoin.html
The reward for solving a block will halve every 210,000 blocks (around 4 yrs), like Bitcoins.
When namecoins are spent to register a domain name, they are destroyed. More details here: https://github.com/vinced/namecoin/blob/master/FAQ.md
Note that even though the mining reward remains constant, the network fee to register a domain goes down quickly over time. Quote: "The network fee is initially high, but will be negligible after a couple of years. It is used to slow down the initial registration rate so that plenty of desirable names are left for late adopters."
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Can you provide a link? I have not herd of this before, in regards to the reward per block never lowering – MaxSan Oct 7 '11 at 9:56
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1Apologies - I now see that block rewards do halve. This possible because the cost of registering a domain (which destroys coins) decreases faster than the block rewards do, so we'll never run out of Namecoins. I've updated my answer. – Highly Irregular Dec 28 '11 at 19:30
