MineZ.Zone - 50 55 ZEN COIN GIVEAWAY - UP TO 20% BONUS TO MINING PAYOUTS!!!Due to the current concentration of mining power in a single pool exceeding 51% of the network hash rate,
MineZ.Zone is offering an incentive to get miners to move to a smaller pool and spread the hashrate around for the safety of the network.
@movrcx has kindly donated 50 ZEN to this effort to help reduce centralization of mining on the chain.
You read right,
we will be giving away 50 ZEN in bonuses to our miners. Some time in the next 24 hours we'll be announcing the beginning of the first of 3 bonus rounds. The way it will work is this:
- Each bonus round will have a bonus pool. Round 1: 15 ZEN, round 2: 15 ZEN, round 3: 20 ZEN.
- To qualify for the bonus you MUST HAVE BEEN MINING WITH US BEFORE WE ANNOUNCE THE BEGINNING of the round.
- This means you've got between now and when we announce to start mining and qualify for your bonuses.
For the 1st round:
Miners will get a 20% bonus to their payouts for every block found in the bonus round.
The round will continue for as many blocks as it takes to use up the bonus pool. The very last block in the bonus round will be adjusted proportionally to the amount left over in the bonus pool. i.e. if a miner would have gotten 10% of the total bonuses for the block they'll get 10% of what's left in the bonus pool for the last block.
At the end of each round the qualified miners list WILL BE RESET. There'll be a break of 12-48 hours before the next round is announced and anyone who mines with us during that period will qualify for the next bonus round and be eligible for the bonus again.
We may change the bonus percentages for the 2nd and 3rd rounds. This will change the length of the round but by mining through the entire round you will gain the same bonus.
The simplest way to ensure you get the maximum bonus is to start mining with us now and stick with MineZ.Zone through the entire bonus period.** Bonus payments will be calculated and paid at the end of the bonus round.
Because the bonus payments will require new code to be written to calculate them correctly we'll be generating the payment scripts then reviewing them manually before running them. So bonus payments will come a bit later than the actual payouts for the blocks. We're doing this so we can be certain everyone is paid fairly and correctly.
Stay tuned to the
MineZ.Zone news page. We'll announce the start of the bonus rounds here but the official announcement will be when it's announced on our site.
Update: Thanks to @smrtz for donating an additional 5 ZEN to the bonus pool