PoW vs PoP Mining

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.