Adam Back invented, what is mining. Hash Cash was his baby, which bitcoins SHA-256 algo was based on. Adam Back is one of a handful of developers who interacted with the satoshi nakamoto alias early in bitcoins development.
You are viewing a single comment's thread from:
I am very supportive of Adam Backs work on PoW.
No it doesn't its not proof of work.
Don't quote me on that though, hive is something else when it comes to code.
You need to be one of the top 20 witnesses to get paid out newly mined hive or HBD. I can't remember the ratios, but @klye is usually a open book of he isn't busy maybe he can just copy and paste from the witness user manual?
They have thus "Witness in a Box" for new people to testnet the witness nodes and then eventually go live on. You would need a lot of support to be paid out as a witness.
Not even sure what proof of brain is to be honest.. Some type of turing test or?
All the governance methods have benefits and drawbacks to be honest.
Top 20's are paid out every round, then a backup witness is chosen from the rank #21 thru #xxx(?) based on their witness vote stake weight. At rank #36 I make about 36 HIVE a day I think? Top 20 witness makes well over 500 or a thousand HIVE.. Can't remember off the top of my head atm.
I prefer coins mined via proof of work on specialized hardware like GPUs and ASICS versus the Proof of Stake or DPOS models.