🍕Mining rewards calculation
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X-Bitcoin (XBTC) Reward Calculation (Ethereum Layer-1)
Taking into account the OG Bitcoin halving that occurs every 210,000 blocks, the rewards for mining are reduced by half. The initial reward is 50 bitcoins per block, and it decreases to 25 bitcoins after the first halving, 12.5 bitcoins after the second halving, and so on.
Similar to BTC, the approximate number of XBTC blocks and mining rewards can be calculated based on the following criteria:
First 210,000 blocks * 50 bitcoins per block = 10,500,000 X-bitcoins.
Next 210,000 blocks * 25 bitcoins per block = 5,250,000 X-bitcoins.
Next 210,000 blocks * 12.5 X-Bitcoins per block = 2,625,000 X-bitcoins.
Next 210,000 blocks * 6.25 bitcoins per block = 1,312,500 X-bitcoins.
Next 210,000 blocks * 3.125 bitcoins per block = 656,250 X-bitcoins.
And so on until all 21,000,000 X-bitcoins are mined.
The total number of X-bitcoins mined, considering the halvings, will be:
10,500,000 + 5,250,000 + 2,625,000 + ... = 21,000,000 X-Bitcoins.
X-Bitcoin (XBTC) Reward Calculation (Polygon Layer-2)
Similar to BTC, the approximate number of XBTC blocks and mining rewards can be calculated based on the following criteria:
First 2,100,000 blocks * 6.25 bitcoins per block = 10,312,500 X-bitcoins.
Next 2,100,000 blocks * 3.125 bitcoins per block = 6,056,250 X-bitcoins.
Next 2,100,000 blocks * 1.5625 bitcoins per block = 3,281,250 X-bitcoins.
And so on until all 21,000,000 X-bitcoins are mined.
The total number of X-bitcoins mined, considering the halvings, will be:
10,312,500 + 6,056,250 + 3,281,250 + ... = 21,000,000 X-Bitcoins.
Here's a quick comparison:
| Feature | Bitcoin | XBTC (Ethereum Layer 1) | XBTC (Polygon Layer 2) |
|---|---|---|---|
Block Time | 10 minutes | 4-5 blocks per minute (40-50 blocks per 10 minutes) | 20 blocks per minute (200 blocks per 10 minutes) |
Reward Distribution | Every 10 minutes | Dynamically based on block contribution/every block | Dynamically based on block contribution/every block |
Reward Size | Large, fixed reward per block | Large, fixed reward per block | Large, fixed reward per block |
Energy Consumption | High (PoW) | Low (PoS) | Low (PoS) |
XBTC mining offers faster transactions. The Proof-of-Stake (PoS) mechanism lowers energy consumption compared to Bitcoin's energy-intensive Proof-of-Work (PoW) system.
So, what does this mean for you? With XBTC, you can experience faster transactions, a cleaner conscience, and potentially higher rewards based on your contribution. It's a win-win for everyone!
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