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mining [2020/05/21 16:36]
boot2thrill [Conceal Mining Pools]
mining [2020/05/21 16:40] (current)
boot2thrill [Block Rewards]
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 Our block reward model uses an innovative approach - block rewards starts small but increases with time. Our block reward model uses an innovative approach - block rewards starts small but increases with time.
  
-At the beginning, every block-chain has a small number of transactions per day and the block data is still a small file but with time the network will grow and the data size will go up. The mining effort will be bigger and more miners will be needed to keep it running sound and safe.+At the beginning, every block-chain has a small number of transactions per day and the block data is still a small filebut with time the network will grow and the data size will go up. The mining effort will be bigger and more miners will be needed to keep it running sound and safe
 + 
 +Conceal has a very unique block reward scheme that increases to a max block reward, instead of decreasing as in most other PoW coins. With this simple and logical approach we avoided the unfair enrichment of early miners during the initial stages of the project where mining difficulty is low and successfully reached one of the lowest coin emission curves throughout the crypto space without affecting mining profit. Conceal.Network miners get 100% of the PoW mining fees.
  
 To fairly reward the mining effort we will start with **5 CCX per block** and increase it by **0.25 CCX every month** until we reach **15 CCX per block** (max reward in 3 1/2 years time). To fairly reward the mining effort we will start with **5 CCX per block** and increase it by **0.25 CCX every month** until we reach **15 CCX per block** (max reward in 3 1/2 years time).