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RE: [UPDATED 7/6] How-To Mine Steem Power in Windows
Nice. So you don't need people to elect you like in Bitshares to be able to mine?
Nice. So you don't need people to elect you like in Bitshares to be able to mine?
Nope.
After checking the whitepaper, I am not convinced it is worth it...
First, in each round of block generation, 20 out of 21 witnesses are selected by DPOS like in Bitshares, and only 1 is selected by POW. So that does not leave much for miners.
Second, the block reward is now 0.0476 STEEM (after block #864,000, down from 1 STEEM previously, which was like DPOS witnesses). That's currently 0.02 USD.
I am not sure how long it takes to find a block, but it looks like this ship has sailed.
Block reward has not changed. It is still 1 steem. This means $0.50 per minute.