Because there is no mining at all... The reward for new blocks is given on what can be thought of as a lottery system to those that have coins staked, and the r

Because there is no mining at all... The reward for new blocks is given on what can be thought of as a lottery system to those that have coins staked, and the reward is proportional to the amount staked. Effectively, payouts go out to everyone in the form similar to interest paid out on a CD.