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becoming_a_minter [01/05/2024 20:15] – magic_inkbecoming_a_minter [10/28/2024 21:58] (current) – crowetic
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 {{:qortal_official_logo_transparent_.png?400|}} {{:qortal_official_logo_transparent_.png?400|}}
  
-**Please note: Due to a change made in December 2023 to improve network performance and allow the development team to work on a number of essential upgrades, the way block credits are paid has changed from a block by block credit to a credit every 1000 blocks. As a result the 7200 no longer applies. In most cases a user will need to run their node with sponsorship for 9000 blocks in order to reach Level 1. + 
-It is important to wait until Level 1 is shown.**+---- 
 + 
 +====== NOTE - All of this information is soon to become irrelevant with the issuance of 'mintership' and the related updates to Qortal. Please be aware that sponsorship is no longer a thing on Qortal. Further updates will come in time, until then you may check the following links for information... ====== 
 + 
 +[[https://qortal.link/crowetics-proposals|https://qortal.link/crowetics-proposals]] - internet link 
 + 
 +===qortal://website/crowetics-proposals===  
 + 
 + Qortal direct link above 
 + 
 +====If you are accessing this wiki on the QDN copy, you can simply go to the new tab page in the Qortal UI, click 'ADD NEW LINK' then click 'Website' and type the name 'crowetics-proposals' to obtain a link to the page directly on your new tab page. ==== 
 + 
 + 
 +---- 
 + 
 + 
 +**Please note:** Due to a change made in December 2023 to improve network performance and allow the development team to work on a number of essential upgrades, the way block credits are paid has changed from a block by block credit to a credit every 1000 blocks.  
 + 
 +While the 7200 blocks minted necessary to reach level 1 hasn't changed, the method of crediting minted blocks and QORT HAS, which means, depending on when the sponsorship key was added to a node, and the number of blocks that have actually gone by, the amount of blocks that will actually be required may vary from 8000 to 9000. 
 + 
 +**Therefore it is essential to wait until Level 1 is shown, and not rely only on blocks minted.** 
 + 
 +---- 
  
 In order to become a minter on the Qortal Network, a user will need to be 'sponsored' by a founder or level 5+ minting account (if you did not purchase a QORTector device before launch of Genesis or are not a QORA Forger you’ll require a sponsor). In order to become a minter on the Qortal Network, a user will need to be 'sponsored' by a founder or level 5+ minting account (if you did not purchase a QORTector device before launch of Genesis or are not a QORA Forger you’ll require a sponsor).
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 As the required number of blocks go by, the people in 'reward share' situations are checked for 'online status' where they issue a timestamp that is verified by other members on the network in 5 min intervals. As the required number of blocks go by, the people in 'reward share' situations are checked for 'online status' where they issue a timestamp that is verified by other members on the network in 5 min intervals.
  
-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's reward share key is added to the sponsee's node and will process the first 7200 'online blocks' without any block reward in order to become level 1.+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's reward share key is added to the sponsee's node and will process the first approx 7200 (currently 9000 in effect) 'online blocks' without any block reward in order to become level 1.
  
-**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 7200 blocks 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 7200 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 minted during sponsorship are credited to the sponsee permanently in the ‘Total Blocks Minted’ record. 
  
-Once a user has ran a node for 7200 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 **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).
  
  
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 Now... THERE ARE 2 WAYS that a sponsorship relationship can work... Now... THERE ARE 2 WAYS that a sponsorship relationship can work...
  
-1. The **sponsor runs the sponsorship timeframe FOR the sponsee** (this is not the recommended method as the newcomer should be proving their node to the network). In this case the sponsor would apply the key to his/her node, and run it for 7200 online blocks. At which point the sponsee becomes level 1, can create their own key, and assign it to 'Node management'.+1. The **sponsor runs the sponsorship timeframe FOR the sponsee** (this is not the recommended method as the newcomer should be proving their node to the network). In this case the sponsor would apply the key to his/her node, and run it until the point the sponsee becomes level 1 and can create their own key, and assign it to 'Node management'.
  
-2. The **sponsee runs the sponsorship timeframe** (this is the most common method). In this case the sponsor will give the key to the sponsee. Then the sponsee assigns the sponsor’s reward share key to their node and runs for the 7200 block timeframe. You have to be online for 7200 blocks, so if you turn off your node, you will NOT get credit for blocks passed while your node was offline. The whole point of minting is to be ONLINE. The sponsee adds this Reward Share Key to Node Management by selecting ‘Add Minting Account’. You will then see a confirmation of ‘Minting Account Added Successfully’. Here is a walkthrough video: https://youtu.be/L3WFYg55foA+2. The **sponsee runs the sponsorship timeframe** (this is the most common method). In this case the sponsor will give the key to the sponsee. Then the sponsee assigns the sponsor’s reward share key to their node and runs for the sponsorship timeframe. You have to be online for the blocks credits, so if you turn off your node, you will NOT get credit for blocks passed while your node was offline. The whole point of minting is to be ONLINE. The sponsee adds this Reward Share Key to Node Management by selecting ‘Add Minting Account’. You will then see a confirmation of ‘Minting Account Added Successfully’. Here is a walkthrough video: https://youtu.be/L3WFYg55foA
  
 Here is a walkthrough with screenshots of the new minting plugin, followed by the original process before we had the new plugin: Here is a walkthrough with screenshots of the new minting plugin, followed by the original process before we had the new plugin:
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 {{::screenshot_from_2022-09-14_06-25-29.png?600|}} {{::screenshot_from_2022-09-14_06-25-29.png?600|}}
  
-6. After reaching 7200 blocks minted, you will reach level 1 and proceed with the 'Assigning Your Own Reward Share Key' section. Note that you will NOT be earning block rewards until AFTER you complete that process.+6. After reaching level 1 proceed with the 'Assigning Your Own Reward Share Key' section. Note that you will NOT be earning block rewards until AFTER you complete that process.
 ===== The Original Process Of Enabling Sponsorship ===== ===== The Original Process Of Enabling Sponsorship =====
 {{::becoming_a_minter_-_how_to_enable_sponsorship.mp4|}} {{::becoming_a_minter_-_how_to_enable_sponsorship.mp4|}}
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 =====Assigning Your Own Reward Share Key===== =====Assigning Your Own Reward Share Key=====
  
-Once you reach level 1 (after 7200 blocks minted) you can simply click the 'START MINTING' button as seen below to automatically generate your new key and be added to Node Management:+Once you reach level 1 you can simply click the 'START MINTING' button in the Overview tab. 
 + 
 +Clicking his button automatically generates your new key and adds it to Node Management: 
 + 
 +{{:overview_page.png?800 |}}
  
 {{::minting_plugin.png?200|}} {{::minting_plugin.png?200|}}
  
-You should then see that you're minting next to the block height in bottom left of UI. +You should then see that you're minting next to the block height in bottom left of UI (in Sidebar menu), and also in the Overview Page. 
  
-===== Original Process of Assigning Your Reward Share Key =====+===== Manual Process of Generating and Assigning Your Own Reward Share Key ===== 
 + 
 +This is the manual process for creating a minting key for yourself - the process further down the page is the older version and is still possible with '+ CREATE REWARDSHARE'. This section describes the most simple way to manually create/generate your minting key if for some reason the 'Start Minting' button is not available.  
 + 
 + 
 +1. Open a new tab and select Reward Share. 
 + 
 +2. Click '+ OWN REWARDSHARE' at top right: 
 + 
 +{{:1._rewardshare_tab.png?600 |}} 
 + 
 +3. Click 'ADD': 
 + 
 +{{:2._own_rewardshare.png?600 |}} 
 + 
 +4. Copy the Rewardshare/Minting key that comes up: 
 + 
 +{{:4._copy.png?600|}} 
 + 
 +5. Click 'CONFIRM' and wait. A message saying “Reward Share Successful!” will be displayed. 
 +    
 +6. Open a new tab, go to Node Management. 
 + 
 +7. Click 'ADD MINTING ACCOUNT': 
 + 
 +{{::node_management_tab.png?600 |}} 
 + 
 +8. Paste the key you copied in step 4 into the field in the pop-up window: 
 +{{::add_minting_account.png?600 |}} 
 + 
 +9. Click 'ADD'. It will then display 'Minting Account Added Successfully!' after a moment. Then you can click 'CLOSE' 
 + 
 +10. When this is confirmed on the chain you will see that you are minting by - 
 +    a) (Minting) next to Block Height in Sidebar Menu. 
 +    b) Minting status will show in Overview page (in a new tab). 
 + 
 + 
 + 
 + 
 +===== Original Process of Assigning a Reward Share Key =====
  
 {{::becoming_a_minter_-_assigning_your_own_reward_share_key.mp4|}} {{::becoming_a_minter_-_assigning_your_own_reward_share_key.mp4|}}
  
-**Please note: the below video is the old process for becoming a minter. If you completed the process as explained above, you do NOT need to complete the process in this section.** This process is still able to be done, although the new plugin as previously explained makes the process a little easier. It's worth sharing how the old process works for educational purposes at the least! (You can skip this section.)+**Please note: the above video is the old process for becoming a minter. If you completed the process as explained above, you do NOT need to complete the process in this section.** This process is still able to be done, although the new plugin as previously explained makes the process a little easier. It's worth sharing how the old process works for educational purposes at the least! (You can skip this section.)
  
-After 7200 blocks and reaching level 1, you will see your account level in top left corner of the UI reflect your new level. You will now need to create a ‘self share’ or 'minting key' with the use of your own public key::+After reaching level 1, you will see your account level in top left corner of the UI reflect your new level. You will now need to create a ‘self share’ or 'minting key' with the use of your own public key:
  
 1. Open the UI.  1. Open the UI. 
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 {{:minting_assigning_ui_guide.png?600|}} {{:minting_assigning_ui_guide.png?600|}}
  
-**The sponsee does not have to wait for the sponsor to remove things on their end. The sponsee can begin these steps all on their own. Of course as a general courtesy, it is still nice to inform your sponsor of your account reaching 7200 blocks and you successfully setting up your own key to mint!** That’s it! Congrats! +**The sponsee does not have to wait for the sponsor to remove things on their end. The sponsee can begin these steps all on their own. Of course as a general courtesy, it is still nice to inform your sponsor of your account reaching Level 1 and you successfully setting up your own key to mint!** That’s it! Congrats! 
  
 Remember: There is a **1 block confirmation period between creation of the key, from the point you can assign it**, as it has to first be confirmed so the API can verify it. So be sure to wait at least 1 full minute (or notice block height and wait for next block after key creation) before attempting to assign the key... otherwise the assignment will fail as the chain is not aware of the created key. Remember: There is a **1 block confirmation period between creation of the key, from the point you can assign it**, as it has to first be confirmed so the API can verify it. So be sure to wait at least 1 full minute (or notice block height and wait for next block after key creation) before attempting to assign the key... otherwise the assignment will fail as the chain is not aware of the created key.
becoming_a_minter.1704503733.txt.gz · Last modified: 01/05/2024 20:15 by magic_ink

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