Recently, many community users have reported that the amount of mining rewards has decreased. Here is the explanation below. First of all, the mining rewards are issued by the team strictly following the economic model published in the Whitepaper and are automatically issued by smart contract calculations. They follow the principle of decentralization and are controlled by no one. The calculation formula of the Whitepaper is as follows:
The reasons for the decline in mining revenue may include:
1. Participating in mining equipment must be online for 24 hours to meet the reward rules;
2. The online time reward for multiple users with one machine is automatically calculated as one device by the smart contract;
3. High-performance mining equipment has a certain computing power advantage.
The announcement on node online time rewards was released on September 23. It gave a detailed description of online time, equipment configuration standards, and the advantages of high-configuration equipment. Multiple nodes on a single device will not receive additional rewards. The announcement is as follows:
In about a week, we will update and optimize the online reward model to ensure better profits for miners and the balance and stability of the mining economy of zkTube.
Mining revenue is automatically executed through smart contracts based on the above comprehensive factors. As long as it conforms to the official mining model rules, zkTube is friendly to the majority of node users around the world and eagerly hopes to work with global node participants to promote the continuous fission of the zkTube L2 ecological network. This is closely related to the incentives of mining rewards, and we hope to cooperate with everyone for a win-win situation.
Thank you for your support and understanding!
November 18, 2021