Post
Topic
Board Announcements (Altcoins)
Re: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]
by
KAMO287
on 07/09/2018, 20:25:11 UTC
I have another question regarding Growth Mining. Couldn't a handful of people working very efficiently end up causing a sort of  growth mining centralization?

Proof of Growth allows for people to be rewarded based on their community growth score. The 50% of the mining rewards gets randomly distributed in a form of a lottery every single block. Lets say someone has multiple accounts with large communities, they might get a high chance of winning the lottery, they never get 100% of the rewards.

Also invites are distributed randomly in a variety of ways as well.

So to answer your question, yes those with a big community may have a higher chance of rewards, but it will be extremely difficult -especially as the Merit network continues to grow the growth rewards get distributed across more wallet, limiting the return for any bad actors.

I hope that helps.

KAMO saves the day once again lol. Thanks!

Are there any communities of growth miners now? I assume they would split the lottery if they worked together?

I airdrop random Merit onto those under me who I see are active and growing. I also share free invites to those below me if they need them, and prove to be growing the community- it helps all of us so  I try to promote the community sharing concept with those who are not trying to abuse the generosity .

the growth rewards are paid out per block- so they'll be .3-.6 MRT per payment - not a set amount per day or month. it's per 60 second chance of winning based on your community growth score.

So if I join under you, would you be rewarded a small amount for every person I invite?

Nope! It's not a pyramid.

So, if you used my link (would be awesome) - It would improve my growth score but I dont get paid a specific amount because of it . I dont get a % or anything per person - or even per person you get. The higher growth score simply increases the chances of me winning in the lottery every block.

 You could someday get a CGS higher than mine based on your own growth (your growth still helps me, but it's not like you cant pass me- I passed the person above me).

We just are thrown in the lottery pool every block the same way - more chances higher the CGS.

does that help?