Sentences with phrase «mining rewards fund»

Not exact matches

Proof - of - Stake mining — The Company uses funds to do voting on major network development matters and validate transactions for rewards.

Growth accounts, which are equivalent to a proof - of - stake mining pool in the Bitcoin ecosystem, give users the chance to transfer funds to long - term accounts and earn large NeuCoin rewards during this period.

That reward halves after every time 210,000 blocks are mined, and mining becomes more difficult as more miners join the network, creating that diminishing scale of return initial coin offerings nowadays try to recreate through their funding schemes.

This means that ICOs can be used to fund anything from new cryptocurrencies (where investors could be rewarded with already - mined coins) to digital services (where investors could be rewarded with subscription periods).