Steem is an experimental Proof of Work blockchain with an unproven/beta consensus algorithm.
- No Pre-mine, No ICO, No IPO
- Currency Symbol STEEM
- 1.000 STEEM block reward at launch
- Approximately 112% APR long term inflation rate
Source Code: https://github.com/steemit/steem
Mining Starts NOW! We spent months working on the code, our only advantage is our knowledge of the code. If you wish to know what Steem is all about then the least you can do is read the code we wrote.
How To MineThe mining algorithm used by Steem requires the owner to have access to the private key used by the account. This means it does not favor mining pools.
./steemd --miner=["accountname","${WIFPRIVATEKEY}"] --witness="accountname" --seed-node="52.38.66.234:1984"
Make sure that your accountname is unique and not already used by someone else or your proof of work might not be accepted by the blockchain.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
i do not get how to mine...