Also how can I start to mine, or earn some tokens? Is there any tutorial?
cheers
*Someone* just told you it was PoW and PoP. This is wrong. I already told that user (was it just yesterday...?) when he asked how to mine:
Just a quick question, how would anybody mine the coin? Just wondering...
HEAT is not a proof-of-work coin, like bitcoin mining, it uses a dual system of PoS (like forging or staking), and PoP when that is ready, here is some information about the block rewards from the original post below for you:
It is forging like other proof-of-stake currencies. It will introduce Proof of Persistance, not sure if that will be immediately, or in the near future.
HYBRID BLOCK REWARDS
For its block rewards granted every 25 secs in average, HEAT uses twin system: half of the block reward comes from traditional PoS (Proof-of-Stake) algorithm, while the other half is granted on PoP (Proof-of-Presence) basis for nodes that host the block files online. The HEAT algorithm monitors the presence of block slice files, and assigns higher probability for slices that have a smaller number of copies online. That way any discrepancy arising in the relative number of different block files is attenuated.
Yeah, somewhere on the roadmap they plan a second ICO to filll their pockets. Hookers are expensive in Thailand these days you know?
Member when Hookers where cheap?
I member!
*Image removed to avoid clutter*
Welcome *puppeteer*.
I came across this shit:
http://heatpool.xyz/So you guys are planning to open your own miningpool? Is this yours HEAT team? If it is, it sounds like we have one centralized miningpool?! I mean, there is no miner yet, how would anyone build a pool for HEAT? Can you explain some things on that?
This is not the HEAT team. I made that quickly for a concept project. Anyone can make a Forging/Staking pool. Also, I'm not sure if/when my imitative will launch, it depends on if it is manageable for me. Also, balances would be leased anyways, not transferring actual ownership, so even if the pool got hacked, no one would lose ownership of their own coins. Proof of Stake will not be centralized... I will announce the page on the heatledger.net forum post where I announced heatpool.xyz originally a while ago: later.
Any user will be free to run Proof of Stake locally or remotely from a server, and when available Proof of Persistence for themselves.