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Topic
Board Announcements (Altcoins)
Re: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]
by
AppleSauced
on 08/09/2018, 00:01:33 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?


Typically when someone says something is not a pyramid scheme, it usually is.  Based on how much you are posting on this thread, and shilling the ever crap out of this coin, I'm going to assume this project is some type of pyramid/scam project. Are you in on this pyramid/scam? You defend it and then immediately tell people to use your link. Seems very pyramidy/scammy to me.