Mint Block (MB)

A block of data provided by a SNG that contains a winning solution to a cryptographic problem. The peers of that SNG receive an amount of ENC as a reward for finding this solution.

Restrictions on Creating Mint Blocks

To encourage SupplyNet peers to use “honest” hardware (everyday GPUs), there are five restrictions to a Mint Block Award:

  1. To be paid in a MB, a peer must have found a minimum target value.
    • This prevents very efficient, low-output machines such as FPGAs or ASICs from making it in to most blocks.
  2. A minimum of 20 peers must be paid out.
    • A supercomputer/botnet/4x GPU system will have to wait for other peers before submitting a block.
  3. The payout structure is one where 65% is awarded to the top 50%, 35% is awarded to the bottom 50%.
    • Individual payout structures within those halves is TBD, but 1st place will receive a bonus to incentivize competition.
  4. A minimum amount of time must pass before a SNG may submit a winning MB.
    • This prevents a supercomputer from being able to adjust the difficulty too much.
    • It allows more peers time to find a minimum target value.
  5. If a maximum amount of time (in coin-hours) has passed before submitting a block, the coin award will be reduced.
    • This prevents intentionally keeping the difficulty lower.

The goal of these restrictions is to keep everyday computers competitive in coin creation. If server farms in countries with cheap electricity are allowed to dominate coin production, the value of each coin would eventually go down over time.

mint_blocks.txt · Last modified: 2015/10/15 21:32 (external edit)
 
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