PoW vs PoP Mining
- 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:
|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|
|Pool Mining||Yes (see: HowTo_run_and_connect_to_PoW_Miner_pool)||No|
|Can mine with GPU?||Yes||No|
Should I mine both PoW and PoP?
There is opportunity in both forms; individual miners can determine which is best for their situation.