ViaBTC to give presents for Bitcoin miners

ViaBTC announced “Winter Mining Feast” where anyone who continuoually mines for 30 days will be eligible for a prize
23 November 2017   1730

The promotion has already started on November 23rd and continues until December 25th. The hashpower needs to be provided continuously for 30 days or more. At the same time, miners can’t switch to different pools.

Gifts contains Bluetooth speakers, an iPhone 8, an iPhone X, and Macbook laptops and others. Those who successfully contribute between 7 and 8 petahash will be eligible for the iPhone X giveaway. However, it is more likely that anyone who contributes less than 1 petahash per second will not receive anything.The users who can successfully contribute more than 1 petahach or even more will certainly get rewarded.

Furthermore, the winners may not receive the actual goods, depending on supply issues and locations. Overseas miners will receive gift cards with the item value instead.

Buterin to Propose to Increase PoS-Validators Reward

According to Vitalik proposal, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%
23 April 2019   93

The creator of Ethereum, Vitalik Buterin, published on GitHub a proposal on changing the reward scheme for validators after the transition of ETH to the Proof-of-Stake consensus mechanism (PoS).

According to the formula proposed by Buterin, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%.

Buterin PoS Validators Reward Proposal
Buterin PoS Validators Reward Proposal

The more assets are fixed for validation, the lower the interest rate. So, 134 217 728 ETH will bring cryptoinvestors only 1.56% per annum. At the same time, the maximum annual emission volume will be 2,097,152 ETH.

Considering that the current volume of Ethereum's market offer is 105,777,585 ETH, this offer is focused on the medium and long term. Buterin also clarified that the profitability indicators are shown without taking into account proceeds from transaction fees. Consequently, the actual income of validators can be several percent higher than the values ​​indicated in the table.

According to Justin Drake, a researcher at the Ethereum Foundation, if after implementing PoS 32 million ETH will be allocated for stacking, the income of validators will be 3.2% per annum. At the same time, the annual emission indicator will be 1% (for comparison, the current indicator of Bitcoin inflation is 3.94%).

In this case, Drake notes that after the activation of EIP 1559 of the funds collected in the form of commissions, will be destroyed. Consequently, with an average gas consumption of each shard of 1000 ETH per year, inflation will drop to 0.5%.

Users left generally positive comments on the offer. However, some of them expressed fears that in the new conditions the exchange may receive significant advantages, which will be able to do stacking at the expense of clients.