There are two things you should know about Diskcoin mining
There are two things you should know about Diskcoin mining

By Diskcoin | Diskcoin | 6 Nov 2019

With the rapid development of Diskcoin ecology, many newcomers with their hardisks and machines participate in the ecology. As the builder of ecology, the new group of miners has contributed to the development of Diskcoin, improving the degree of decentralization and increasing the security of the network. Since they are newcomers, so they have doubt certainly. This paper will explain something about Diskcoin mining by 2 common questions.

Return period

The miners are profit-driven, and where there is money, there are miners. Compared with coins trading, participation in mining is to recover the cost more reliably, as a result, many miners always regard the coin price as the only factor restricting the return period. This is a very wrong perception.

Regardless of the current situation, the return period is always one of the cores that miners care most about. The algorithm of a large part of the miners group is actually wrong, In addition that the coin price will affect the return period, the difficulty of mining (fullnet capacity), the output of mining (daily output coin), the consumption of mining (electricity, bandwidth) are all important factor in the return period.

Not to mention the cost of electricity and bandwidth, because the proportion of electricity and bandwidth in hardisk mining is negligible. The price of the coin is constantly changing and will not always stay at one point or rise and fall. In fact, the fluctuations in the factors affecting the return period have always been large. If you calculate the return period according to a constant value (coin price), the algorithm itself is wrong.

If the participating project gives you an accurate return period, there is only one possibility, the price fluctuation is controlled by the project party. The return period is only a short-term reference and cannot be considered as a long-term standard.

Mining daily output (reward) calculation

Traditional mining, generally refers to POW, mining daily output (reward) is: the fullnet daily output/fullnet hashrate * personal hashrate = mining daily output reward), for example, A is a POW coin miner, suppose the project fullnet hashrate is 100EH/S, A miner's hashrate is 1EH/S, the fullnet daily output of 1000 coins. Substitute the value into the formula: 1000/100*1=10 coins. This is the traditional mining output (reward) calculation.

This calculation is obviously not applicable to Diskcoin mining, because the Diskcoin project has added a Staking mechanism, which affects the earnings of miners. The daily output of Diskcoin is 7,200 coins, and the current fullnet capacity is 218PB. The more the miner Stake, the reward of Staking will be close to 100%; if miner didn't Stake, the reward will be 40%. Obviously, there is a distinct difference between Diskcoin mining and traditional POW mining revenue calculation. The way to increase reward is to increase the amount of Staking coins in addition to the capacity of hardisk.

The advantage of Diskcoin Staking model is to increase the earnings of miners, and anti-monopoly. Large capacity miners can not directly use the capacity as before can overwhelm ordinary miners, large capacity must Stake more. If a large capacity miner does not Stake, the reward will not be so high.


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