PoW vs PoP Mining

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See: Main_Page

Overview

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

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
Payout Shortly after block confirmed In 250 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.