Mining CryptoCash
An overview of the mining process of the CryptoCash protocol
Last updated
An overview of the mining process of the CryptoCash protocol
Last updated
Anyone can mine for CryptoCash by sending a mine transaction to the CryptoCash smart contract on the Stacks blockchain.
There are no hardware requirements and the protocol is open source, so anyone can build a web app/site that interacts with it.
Miners can only participate once per block.
Once STX is sent for mining CryptoCash, it is not returned. [STX is distributed to CryptoCash Stackers(95%) & Foundation (5%).]
CryptoCash miners spend STX while competing to earn the CryptoCash block reward, which follows are halving emission schedule and begins at 3,200 CryptoCash per block.
95% of the STX that miners spend is are distributed to the people who Stacked their CryptoCash (Stackers)
5% of the STX that miners spend is sent directly the Foundation wallet.
There is only one winning Miner per block that can claim the CryptoCash reward.
