Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!
by
SyRenity
on 29/05/2014, 15:58:15 UTC
No. Whoever burns the most gets the PoB block. PoW is the same as on other coins.

So it's like an extra layer addition to PoW - one of the strategies is that you first mine these coins, then auto-burn them every block, getting a chance to win the PoB block.

Not clear how it supposed to protect against ASIC's and GPU then - whoever does the most on PoW, has the top chance to win PoB as well.