SteemB — A Simple and Incredible 'Steem Mining' Principle
What is SteemB?
SteemB is a concept that I invented in which similar to other cryptocurrencies people or so called miners mine e.g SteemDollar or SteemPower.
Unlike other currency which use computing power to solve difficult math problems, this
type of mine is mining with the help of Artificial Intelligence and a little bit of
computing power.
How does SteemB work?
As the name 'SteemB' says :'SteemB(ee)' it works kinda like Bees which are
the miners and those Bees are doing all the work.
First of all the user provides computing power to create SteemBees which
then 'fly' into the blockchain and start to do their work and that are basicly :
SteemB 'miners' give their computing power and create so called 'Bees' which are simply
workers who go around and search for blog posts which are suspicious of low
quality or copy and pasted.
Each bee have their own id-tag which is important for the miner.
If they notice a suspicious post, they note its url, date, user and how much the user earned through the invalid post.
After noting everything they return back to the hive which is Steems data center where the information goes through the next step.
Processing is the step where the data gathered by the bees is processed by Steem since they have more power over their website and accounts.
They're processing the data and if the false post is a valid false post then the blog post gets removed and the bees get a payout.
The bee that is the earliest and gathered the most relevant information gets obviously the highest payout.
The next bees get a smaller amount depending on their contribution and if all information have been placed inside the data center, the bees start to place the information as 'mark as duplicate'
to make it easier for the data base to process the data that seem to be duplicates since a lot of bees give the same data.
The miners wallet gets a payment for their contribution which could be SteemDollar or SteemPower.
The miner can now transfer his SteemDollar or SteemPower to their Steemit wallet
and do whatever else they want with it.
Bee going on a hunt for false blog posts (not really ;) ).
FAQ:
How secure is all of this?
The bees get a encrypted public key and a private key stored on the SteemB wallet which itself
is encrypted enough to protect the miner (and the bees of course).
As many as you want but each bee costs quite a lot of computing power but somehow making it fair is important aswell
Who controls the bee encryption?
Its decentralized system so nobody got any bit of control :)
What if we run out of false blog posts?
Good question! The bees will go into 'winter-sleep' mode, make statistics for Steemit accounts & validate user's older blog posts or sell themselves to companies or forums to
work for them.
How profitable is that kind of mining?
It depends of the market and community, so if its becomes popular then it will be alive longer than expected.
Secondly it depends also on false posts and network buyer.
Any future ideas?
For future ideas we need to make Steemit even more popular than it already is but two big ideas are making bees to some kind of cloud miners where you buy an amount of bees which run via a cloud and doesn't require you computer to be online 24/7.
Another future idea is working on full sentient AI completely but this is not the right time to talk about it.
Good idea !
Thanks I look forward to extend this system.
Thanks to @jerrybanfield for upvoting my post.
If you don't know him, he's a great guy teaching stuff online in a unique way so check him out.