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becoming_a_minter
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| Both sides previous revisionPrevious revision | Next revisionBoth sides next revision | ||
| becoming_a_minter [01/06/2024 18:09] – magic_ink | becoming_a_minter [01/06/2024 18:15] – magic_ink | ||
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| All users in the reward shares will be counted as online. Initially, the newly sponsored account will be a level 0, with a reward share key provided by a sponsor. The sponsor' | All users in the reward shares will be counted as online. Initially, the newly sponsored account will be a level 0, with a reward share key provided by a sponsor. The sponsor' | ||
| - | **Please note:** Sponsors do not earn anything for sponsoring others. Sponsors do not earn additional block rewards nor additional blocks minted count. The sponsee does not earn any block reward during the level 0 period of minting to reach level 1. This is simply the time for the sponsee to prove oneself to the network and become a level 1 minter. The 9000 blocks are credited to the sponsee permanently in the ‘Total Blocks Minted’ record. | + | **Please note:** Sponsors do not earn anything for sponsoring others. Sponsors do not earn additional block rewards nor additional blocks minted count. The sponsee does not earn any block reward during the level 0 period of minting to reach level 1. This is simply the time for the sponsee to prove oneself to the network and become a level 1 minter. The blocks |
| - | Once a user has ran a node for approx 9000 blocks and the account becomes Level 1, the user can then generate his/her own reward share at which point they are enabled (officially a minter on the network) and are able to obtain their shared portion of the block reward (refer to [[Block Rewards & Distribution]] to learn more about the rewards system). | + | Once a user has ran a node for 7200 blocks |
becoming_a_minter.txt · Last modified: 01/17/2024 17:57 by magic_ink