Post
Topic
Board Announcements (Altcoins)
Re: BiblePay✟CPU✟Governance✟Help Orphans✟PODC Cancer Mining✟Deflationary✟Masternodes
by
secoccular
on 07/12/2018, 22:14:52 UTC


First, it's not 10% - as that is just a common percent encouraged by mainstream churches - you should tithe 10% of your income to show God that you gave the first fruits and then you trust him even if you dont have enough to pay the rest of your bills with the remaining 90% that he will make ends meet.

In the scope of POG, Tithe means to give (not to give 10%).

As far as receiving a reward back, the ELI5 part is we tell people that in this mining algorithm, our users "give" (or Tithe) to earn share weight in the pool.

Once you have share weight you are in the pool for 24 hours and will be eligibile for pool rewards.



=-=-=-=-

We are basically using the act of tithing as a replacement for hashpower measurement in our integrated pool.


Why do this?  Because in this way the system can scale to millions of homes without encouraging people to buy expensive GPUs, asics, or VMSs (they can use commodity hardware laying around) etc.

=-=-=-=-=-

Whats nice about this is Proof-of-giving fits very well with a Christian based theme also.



Makes sense. My inner five year old thanks you. Smiley

Edit: Looks like purepool is back up now. I'm enjoying the utter simplicity of how it works. Two short lines in the wallet config, and done.