An overview of the mining process of the CryptoCash protocol
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%).]
How it Works
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.
