Mining

 

Bsgcoin, like Bitcoin and most other cryptocurrencies, is based on a decentralized ledger of all transactions, known as a blockchain. This blockchain is secured through a consensus mechanism; known as Proof of Work (PoW). Miners attempt to solve extremely difficult math problems with specialized computers. If their solution is correct and the network verifies that correctly solved, a new block is added to the blockchain and the miner is rewarded with Bsgcoin.

 

### Base Specs:

  • Algorithm : C11
  • Block Time : 1 minute
  • Maturity : 90 blocks
  • Difficulty Retargeting : every block

### PoW Rewards: (check height block: Bsgcoin Explorer )

  • Since block 1              : 368,000 (Premine)
  • Since block 2              : 1
  • Since block 101          : 5
  • Since block 201          : 10
  • Since block 301          : 15
  • Since block 401          : 25
  • Since block 1,500        : 15
  • Since block 40,001      : 12
  • Since block 200,001    : 10
  • Since block 400,001    : 8
  • Since block 1,000,001 : 6
  • Since block 2,000,001 : 3
  • Last PoW Block : 4,000,000

 

How to setup a solo mining on a Ubuntu VPS?  Read more