Difference between revisions of "PoW vs PoP Mining"
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| + | <languages/> | ||
| + | <translate> | ||
| + | <!--T:1--> | ||
See: [[Main_Page]] | See: [[Main_Page]] | ||
| + | <!--T:2--> | ||
__TOC__ | __TOC__ | ||
| − | == Overview == | + | == Overview == <!--T:3--> |
| + | <!--T:4--> | ||
| + | Blockchain stats: | ||
| + | * Total supply = 2.1B --> this applies to both TestNet and MainNet | ||
| + | * A new block is expected every 30 seconds. | ||
| + | * The total block reward is 165 VBK. This is split 50-50 among PoW and PoP | ||
| + | * Halving period: Every 4 years; 210000 * 20 = 4,200,000 blocks | ||
| + | |||
| + | <!--T:5--> | ||
There are two types of VeriBlock mining: | There are two types of VeriBlock mining: | ||
| + | <!--T:6--> | ||
{| class="wikitable" | {| class="wikitable" | ||
! | ! | ||
| Line 12: | Line 25: | ||
! Proof-of-Proof | ! Proof-of-Proof | ||
|- | |- | ||
| − | | | + | | Abbreviation |
| PoW | | PoW | ||
| PoP | | PoP | ||
| Line 19: | Line 32: | ||
| Adds the next block | | Adds the next block | ||
| Secures a block to Bitcoin | | Secures a block to Bitcoin | ||
| + | New Protocol | ||
| + | See: [[PoP_Transaction_LifeCycle]] | ||
|- | |- | ||
| How to run | | How to run | ||
| Line 25: | Line 40: | ||
|- | |- | ||
| Reward | | Reward | ||
| − | | | + | | 82.5 (Split among pool that won the block) |
| − | | Average of | + | | Average of 82.5 (Split among other miners) |
|- | |- | ||
| Reward Coin Type | | Reward Coin Type | ||
| VBK | | VBK | ||
| VBK | | VBK | ||
| + | |- | ||
| + | | Limited by? | ||
| + | | Processing power (Hardware like CPU, GPU) and electricity spent. | ||
| + | You could run many PoW miners to get more hashes. | ||
| + | | BTC for transaction fees. | ||
| + | You'd likely have just 1 PoP miner, but feed it more BTC to do more PoP transactions | ||
|- | |- | ||
| Payout | | Payout | ||
| Shortly after block confirmed | | Shortly after block confirmed | ||
| − | | In | + | | In 500 VBK blocks |
|- | |- | ||
| Requirs BTC to run? | | Requirs BTC to run? | ||
| Line 49: | Line 70: | ||
|- | |- | ||
| Can mine with GPU? | | Can mine with GPU? | ||
| − | | Yes | + | | Yes |
| No | | No | ||
|} | |} | ||
| − | |||
| − | === Should I mine both PoW and PoP? === | + | === TestNet Sunrise === <!--T:10--> |
| + | |||
| + | <!--T:11--> | ||
| + | {| class="wikitable" | ||
| + | ! | ||
| + | ! Proof-of-Work | ||
| + | ! Proof-of-Proof | ||
| + | |- | ||
| + | | Reward | ||
| + | | 43.75 (Split among pool that won the block) | ||
| + | | Average of 43.75 (Split among other miners) | ||
| + | |} | ||
| + | |||
| + | === MainNet === <!--T:12--> | ||
| + | |||
| + | <!--T:13--> | ||
| + | {| class="wikitable" | ||
| + | ! | ||
| + | ! Proof-of-Work | ||
| + | ! Proof-of-Proof | ||
| + | |- | ||
| + | | Reward | ||
| + | | 82.5 (Split among pool that won the block) | ||
| + | | Average of 82.5 (Split among other miners) | ||
| + | |} | ||
| + | |||
| + | == FAQ == <!--T:7--> | ||
| + | |||
| + | === Should I mine both PoW and PoP? === <!--T:8--> | ||
| + | <!--T:9--> | ||
There is opportunity in both forms; individual miners can determine which is best for their situation. | There is opportunity in both forms; individual miners can determine which is best for their situation. | ||
| + | </translate> | ||
Latest revision as of 14:09, 8 January 2020
See: Main_Page
Overview
Blockchain stats:
- Total supply = 2.1B --> this applies to both TestNet and MainNet
- A new block is expected every 30 seconds.
- The total block reward is 165 VBK. This is split 50-50 among PoW and PoP
- Halving period: Every 4 years; 210000 * 20 = 4,200,000 blocks
There are two types of VeriBlock mining:
| Proof-of-Work | Proof-of-Proof | |
|---|---|---|
| Abbreviation | PoW | PoP |
| Purpose | Adds the next block | Secures a block to Bitcoin
New Protocol See: PoP_Transaction_LifeCycle |
| How to run | HowTo_run_PoW_Miner | HowTo_run_PoP_Miner |
| Reward | 82.5 (Split among pool that won the block) | Average of 82.5 (Split among other miners) |
| Reward Coin Type | VBK | VBK |
| Limited by? | Processing power (Hardware like CPU, GPU) and electricity spent.
You could run many PoW miners to get more hashes. |
BTC for transaction fees.
You'd likely have just 1 PoP miner, but feed it more BTC to do more PoP transactions |
| Payout | Shortly after block confirmed | In 500 VBK blocks |
| Requirs BTC to run? | No | Yes |
| Pool Mining | Yes (see: HowTo_run_and_connect_to_PoW_Miner_pool) | No |
| Interactive | No | Yes |
| Can mine with GPU? | Yes | No |
TestNet Sunrise
| Proof-of-Work | Proof-of-Proof | |
|---|---|---|
| Reward | 43.75 (Split among pool that won the block) | Average of 43.75 (Split among other miners) |
MainNet
| Proof-of-Work | Proof-of-Proof | |
|---|---|---|
| Reward | 82.5 (Split among pool that won the block) | Average of 82.5 (Split among other miners) |
FAQ
Should I mine both PoW and PoP?
There is opportunity in both forms; individual miners can determine which is best for their situation.
