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
Are you just another user and not affiliated with the team? It seems like the users on this project are super engaged for some reason.
Is there some sort of rewards you're working for by being so engaged with the questions here? Or are you just genuinely that interested in it's welfare?
Where do begin... It's refreshing to find a unique concept in crypto - and not only that- a dev team willing to drive that concept into reality. When you really understand what the team is trying to do it makes a big impact.
Yes it's an uphill battle (especially in the crypto world) - but this team has a great idea- and great horsepower to deliver it.
I personally am here because I know how easy it is for people to claim "scam! Ponzi! blah!" so educating people curious about Merit will not only help the project, but it will help me personally that some of you might sign up with my alias.
I feel helping and educating will help me grow my community in merit a lot further than just spamming my invite link and leaving.
It officially clicked for me about 4 weeks ago after mining Merit since June.
So if I were to sign up now there would be a field that would ask if someone recommended me? If I put down KAMO287, what would you get out of it?
Great question. If you use a sign up link:
https://wallet.merit.me?invite=KAMO287It should auto fill the alias that is associated with the link.
The alias is what matters. Anyone can go to the wallet and put in an alias during setup.
**(if you use my alias or link PM me so I can see who is who..lots of spam accounts these days)**
The other ways to get in would be if someone sent you a MeritMoney or MeritInvite link , they have invites built into the flow.
What would I get out of it? Well, I'd get real , awesome community members (I hope) . Like others said , it increases my community growth score , and that improved the chance of winning the growth reward lottery that happens every block.
I personally send merit and invites to my community to help them grow theirs so as I earn growth I send some back to those who care and are trying too.
End of the day , Merit is a big community , built up by a a bunch of smaller communities. Some care more about developing it as a community (me) while others just see it as a reward tree.
It's incentives to grow Merit. And the team strives to find ways to not make it all about mining and not all about "referrals" . I don't get a cut of anything you do on your own. That's a misunderstanding a lot have.
That's why I think having proof of work and proof of growth both a part of the block chain and rewards is so cool, because I am not a hardcore hardware miner. Some might say I'm a growth miner though .
Does that help?