Post
Topic
Board Announcements (Altcoins)
Re: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]
by
BitCoinsForGold
on 06/09/2018, 17:34:12 UTC
Can you explain more about what Growth Mining is? I hadn't heard of it before but it seems very interesting.
Going to try to beat kamo to this answer!  I'm quite new here, but my understanding goes like this:

  • Growth mining adds another kind of mining to the system, in addition to PoW.
  • 50% is growth mining.  50% is regular mining
  • Merit still has PoW mining, with CPU and GPU (cukoo cycle)
  • Merit is invite only -- you need an invite-token to have an activated wallet
  • The top 'growth miners' are the people who bring the most pepole into the network.
  • Everything is decentralized and on the blockchain -- not a central rewards program