Difference between revisions of "PoW vs PoP Mining"

Revision as of 19:01, 25 March 2019

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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 87.5 VBK. This is split 50-50 among PoW and PoP --> This may change in MainNet
Halving period: Every 4 years; 210000 * 20 = 4,200,000 blocks --> This may change in MainNet

There are two types of VeriBlock mining:

	Proof-of-Work	Proof-of-Proof
Abbrevieation	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

	Proof-of-Work	Proof-of-Proof
Reward	43.75 (Split among pool that won the block)	Average of 43.75 (Split among other miners)

There is opportunity in both forms; individual miners can determine which is best for their situation.

@@ Line 85: / Line 85: @@
 | 43.75 (Split among pool that won the block)
 | Average of 43.75 (Split among other miners)
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 == FAQ == <!--T:7-->