The name Whitecoin sure brings back memories of 2014. I don't recall which was first, whether it was Blackcoin or WhiteCoin but I remember that I had very good profitability mining these coins (I think it was Scrypt) back in 2014 with my old GPUs.
This was during a time when mining profits were awful due to the BTC crash of 2014-2015 and there wasn't much to mine. Then I remember Blackcoin or Whitecoin was launched and it was pretty succesful and the price sky-rocketed during the POS switch.
There were also knock-off coins like Yellowcoin or some other type of color. I remember this was back in the day of Cryptsy and Mintpal when they had the most alt-coin volume. They were pretty much the Binance of 2015.
Good memories.
Topic: The New WhiteCoin and It's RPOS Mining Governance (Read 153 times)
After running and testing the project for 5 years, in July 2019, after two critical meetings, WhiteCoin community officially voted to upgrade the POS3.0 main chain to a RPOS based cross chain project, and formally renamed the main chain based on POS3.0 mechanism to XWCC, and the cross chain project based on RPOS to XWC.
RPOS mining is mining by voting. Miners on the XWC chain can get the opportunity of independently mining blocks and earn rewards by voted asset weight. After registration, miners can mine on PC terminals, but can't mine through mobile phone terminals. However, users on the mobile phone terminals can choose to vote for any miner to mine, and get a certain dividend income calculated according to the pledge proportion and miner's fee percentage.
1. Register an Account
Only registered users can participate in mining. Registration requires a handling fee of 10XWC.
2. Select miner
To vote, a miner must be selected first, which can be comprehensively considered according to the factors such as miner’s fee percentage, voting weight, number of missed blocks, etc. The fee percentage represents the percentage of mining revenue collected by miner, which is deducted from the total income before it’s distributed to the voting users. The voting weight indicates that the higher proportion of the total assets voted to one miner, the greater the probability of getting blocks, but also means that participating users may receive less revenue. You can select a miner and click “Expend” to see more information, or click “Expand All” to see details on all miners. You can also search for specific miner information to vote through the "Search" button in the upper right corner.
3. Currency and quantity of voting
XWC and any assets stored on the XWC chain (BTC, LTC, ETH) can be used for voting, by any quantity. If a user votes with BTC, the voted asset will be converted into XWC weight with the BTC/XWC ratio, then add to the miner’s total weight.
4. Addition and Redemption
Each voting record can be added or redeemed at any time. Users can continue to vote assets for the same miner again. They can choose the currency voted with before or change to other currencies currently supported through XWC chain. When redeeming, only the currency type which was voted with can be redeemed, and the quantity is self-determined.
5. Drawing Income
The assets voted by users will earn certain amount of dividend income in return, which is calculated with the factors such as the amount of blocks the miner mined, miner’s voting weight, miner’s fee percentage, and others. A minimum income must be reached before it can be claimed, and a small amount of XWC will be deducted as the handling fee.
RPOS mining is mining by voting. Miners on the XWC chain can get the opportunity of independently mining blocks and earn rewards by voted asset weight. After registration, miners can mine on PC terminals, but can't mine through mobile phone terminals. However, users on the mobile phone terminals can choose to vote for any miner to mine, and get a certain dividend income calculated according to the pledge proportion and miner's fee percentage.
1. Register an Account
Only registered users can participate in mining. Registration requires a handling fee of 10XWC.
2. Select miner
To vote, a miner must be selected first, which can be comprehensively considered according to the factors such as miner’s fee percentage, voting weight, number of missed blocks, etc. The fee percentage represents the percentage of mining revenue collected by miner, which is deducted from the total income before it’s distributed to the voting users. The voting weight indicates that the higher proportion of the total assets voted to one miner, the greater the probability of getting blocks, but also means that participating users may receive less revenue. You can select a miner and click “Expend” to see more information, or click “Expand All” to see details on all miners. You can also search for specific miner information to vote through the "Search" button in the upper right corner.
3. Currency and quantity of voting
XWC and any assets stored on the XWC chain (BTC, LTC, ETH) can be used for voting, by any quantity. If a user votes with BTC, the voted asset will be converted into XWC weight with the BTC/XWC ratio, then add to the miner’s total weight.
4. Addition and Redemption
Each voting record can be added or redeemed at any time. Users can continue to vote assets for the same miner again. They can choose the currency voted with before or change to other currencies currently supported through XWC chain. When redeeming, only the currency type which was voted with can be redeemed, and the quantity is self-determined.
5. Drawing Income
The assets voted by users will earn certain amount of dividend income in return, which is calculated with the factors such as the amount of blocks the miner mined, miner’s voting weight, miner’s fee percentage, and others. A minimum income must be reached before it can be claimed, and a small amount of XWC will be deducted as the handling fee.
Jump to: