Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!
by
primer-
on 29/05/2014, 15:49:33 UTC
Quote
One more question, is there a luck factor at all ? If I burn 50 coins now, can someone who burnt only 1 get the PoB reward ?

Yes they could, except relative to the guy that burned 50 coins, the person that burned 1 coin would have a 50 times smaller chance of finding a block. Once a pool is made, both will get coins but the 50 coins guy would get 50 times the reward the 1 coin guy will get.

Wow. Such broken concept.

If I have 50 TH/s and you have 1 TH/s I will on average get 50x the reward.  Is that also a broken concept?

At the very least its BAD. Dev kept us in the dark, whitepaper in no way explains how PoB works.