PoW vs PoP Mining
Revision as of 13:46, 2 November 2018 by HakureiAnna (talk | contribs)
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 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 | 43.75 (Split among pool that won the block) | Average of 43.75 (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 (currently on BTC TestNet only) |
| Pool Mining | Yes (see: HowTo_run_and_connect_to_PoW_Miner_pool) | No |
| Interactive | No | Yes |
| Can mine with GPU? | Yes* (in future release) | No |
FAQ
Should I mine both PoW and PoP?
There is opportunity in both forms; individual miners can determine which is best for their situation.
