Difference between revisions of "PoW vs PoP Mining"

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* Total supply = 2.1B --> this applies to both TestNet and MainNet
 
* Total supply = 2.1B --> this applies to both TestNet and MainNet
 
* A new block is expected every 30 seconds.
 
* 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
+
* 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
 
* Halving period: Every 4 years; 210000 * 20 = 4,200,000 blocks
  

Latest revision as of 05:11, 14 July 2019

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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.