soirce

• proof of capacity (Poc)

Proof of capacity can be defined as a general mechanism allogrithm that makes total use of a blockchain technology for Minning purpose, thereby bootresing the hard-drive in order to complete a transaction on a block-chain, every transactions be it Minning or any other transactions the details are always kept for future usage.

Proof of work helps to fascinating the random usage of different Minning devices in order to galvanize proof of work (PoW). Remember this helps in creating new blocks. The allogrithm in this regard will further make the miner to place a kind of a bet regarding the cryptocurrency that he wants to mine, just as the proof of stake (PoS) allogrithm.

Since mining through proof of capacity allogrithm the first thing to consider before going into mining is your geographical location at that particular time, of course if you don't know there are some countries in the world who doesn't allow mining to take place countries like vertican-city, Georgia Estonia, etc but my country nigeria where I'm originally from allows all kinds of mining.

Before you go into mining there are some certain criteria you should consider like an equipment for cooling the computer device that is been used for mining, electricity too is very important you need constant electricity to carry out your mining speed.

• Mining Block-chain Alogrith

source

Blockchain whenever this word is been mentioned the first thing that comes to mind is transaction keeping, the record you do in a blockchain is usually kept up until you see reason to proof it. I could remember a time I send 50 steem to a third party I thought I sent 100 steem, to cut the story shot steemit blockchain kept the record visiting steemwurld.

everything was very clear no mistake at all I was surprised from the bigining but later I knew the important of blockchain technology. All transactions you Carry out is safe and secure and records are been kept do interesting. Some people usually ask this question that blockchain and bank which one is better..

So mining through different blockchain is safe all you need to do is to place the necessary aparatus in place and trust me the cryptocurrency of your choice will then start mining. I have been involved in so many mining company which I gained some cool rewards too in the end. There are some cryptocurrency you need Fiat in order to purchase the package monitization comes to fruition here but trust me you will gain massively in the end.

• Key points to Note

• Proof of capacity (PoC) this particular system deploys a spare strategic space on the available hardware space that accumulates different solutions to a crypto hashing .

• One of the main key merits of (PoC) is that the effectiveness is top notch comparing it to proof of work (PoW) or proof of stake (PoS).

• Blockchain technology that is designed to work through proof of capacity possesses different adjoint specimen, for e.g we have burst, chai, storm, etc

• Proof of capacity brings about multiple options there by serving as a remedy to a volatile energy consumption regarding the proof of work (PoW) the various system of crypto currencies hoarding in proof of stake (PoS). In mining capability it paves way for all the various devices that is been used to be recognized as Nodes on the block-chain, the network that is been used regularly finds a way to break the drive empty, so that different crypto currency can be mined

• If the hard drive is large there is every possibility that the value of the hard drive will elaborate the opportunity of the miner to match the hash value that is required from the already prepared list this will further create more chances to come out with better mining gain.

• There are so many cryptocurrency altcoins that uses proof of capacity, e.g are burstcoin, chia, etc there are so many other coins but I just decided to mention this.

• The way (POC) mining work

• Step 1

The proof of capacity has a process by which it deploy before mining takes place, this process is called mining and plotting mining can't be executed without plotting. Node and there recognition value are then galvanized through bringing up of data, since computer is an electronic device which accepts data as input processes data and brings out information each Node constitute about 8193, hashes.

_{my wallet courtesy Pi that I'm Mining you can see the Pi mode mining can't be complete without Node}

Numerically it ranges from 0 digit to 8192, the different hashes are conjugated into what is called #scope. the scope supplies signifies that different hashes will come together in order to form different pairs e g A and B will combine. C and D will combine. E and F will combine in such order.

• Step2

Mining passes different through different exercise usually called mining exercise, this is a process that involves the generation of a sketch in the total number of mining activities that is carried out in the node for e.g Number 27 has node 2, and mode 29 has node 3, in that order the better part is that you can use a data calculator to summarize the value at that particular time of asking.

If you are mining a cryptocurrency the way the time reads is quite different from our normal time interval, the addition of crypts itself it self is also different with the way seconds reads in a clock, it might take 40 seconds to add 5 Maggi cube to a soup but still that 40 seconds it might take for three crypto to add in your mining block. So the time differs alot. I have some cryptocurrency that I'm currently mining please view the snapshot here. Currently I have 49.4847 Pi in my wallet I started Mining it sometimes around April.

We have what is called a deadline this means the fall in the last mined block. Which paves way for a newer mined block to continue mining. Block time is not all that very eazy to forget but if you do for example. If you as a miner K, structure out a deadline of 33seconds and the second miner. Miner Z, forgets the time of her block in that same 33seconds, Miner K Will Make use of the chance that miner Z, forgot along the process he will benefit and gain some cool solid rewards.

• Different between proof of capacity (POC) and proof of burn(POB)

• proof of burn the difference

• The method that proof of burn uses is super and very eazy in the sense that owner tend to burn his coin, instead of using a computer system in order to mine. The burnt coin will now be but in a place where it can't be retrieved by so doing the owner of the burnt coin will now be mining.

• One important thing to note is that the rightful owner of the coin A, has every previllage to burn any currency he wants , the total number of coins he chooses to burn maximizes his Mining rewards. Wasting lots of liquid resources is perhaps involved here while trying to burn a native currency/coin.

• This particular method is been used for slimcoin or peercoin for proof of burn to work, it collaborates with proof of stake (POS), and proof of work (POW) it looks pretty cool shall the process I mean.

• Proof of capacity the difference

• Just as I earlier stated proof of capacity involves a system like a pay me I play you kind of mechanism that makes use of blockchain allogrithm. Remember proof of burn doesn't make use of any form of a computer equipment for it to start Mining.

• Paying in proof of capacity requires a large hard disk drive space, we should know that the larger the space the larger the mining capability. Moving forward in proof of capacity various allogrithm pops up different plots, elaborate data general assets that is kept on the hard drive and it's regulates the number of blocks and plots in the hard drive.

• Proof of capacity basically makes total use of burstcoin also available for trading currently now. It's operations involves the proof of stake allogrithm,only there it is been used.while proof of burn makes use of more coins.

• conclusion

Thank you very much professor @Alphafx I really learnt alot from your pretty kind lectures keep it up bro

---