Difference between revisions of "PoW vs PoP Mining"

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| Payout
 
| Payout
 
| Shortly after block confirmed
 
| Shortly after block confirmed
| In 250 VBK blocks
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| In 500 VBK blocks
 
|-
 
|-
 
| Requirs BTC to run?
 
| Requirs BTC to run?

Revision as of 02:31, 20 July 2018

See: Main_Page

Overview

Blockchain stats:

  • Total float = 2.1B
  • 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
  • Halving period: Every 4 years; 210000 * 20 = 4,200,000 blocks

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.