Mining

Mining is one of the most important parts for the sustainability of a blockchain. The PoA protocol is eco friendly. It doesn't require a lot of computing power and it's economical in electricity because a simple Raspberry PI computer (3, 4 or 5) is enough for the mining. The time made available for the Ntity network is rewarded according to the allocation for the Miners

The rules

• The total number of anonymous nodes shall not exceed 33% of the total network of nodes in order to prevent a 51% attack and keep the network sustainable.
• Each anonymous node must have a unique public IPv4.
• For each hour of mining, the miner will receive a corresponding NTT sum, distributed equally among all miners. After a certain point, beyond 99 years, the miner can only benefit from incentives linked to gas costs.
• Minimum average uptime is 75% per day
• Reward will be given once per day (each 8640 blocks)
• The rule is first come, first served, In order to register for a mining request, you need to deploy a Ntity:AddPeer certificate.
• a running-in period was necessary to stabilize the blockchain. Up to block 15´000´000, only Cryptolex-owned nodes were used, but no rewards were received.

As an example at year 2 if there are 50 miners and the rate is 63´360 NTT/day, each miner will receive 1´267 NTT/day

Estimated Year	Block dividing	~NTT/day	Period supply
2021 Nov ~ 2025 April	running-in period	0	0
1	15´000´000	69´120	24´883´200
2	18´110´400	63´360	22´809´600
3	21´220´800	58´080	20´908´800
4	24´331´200	53´240	19´166´400
5	27´441´600	48´803	17´569´200
6	30´552´000	44´736	16´105´100
7	33´662´400	41´008	14´763´008
8	36´772´800	37´591	13´532´758
9	39´883´200	34´458	12´405´028
10	42´993´600	31´587	11´371´276
11	46´104´000	28´955	10´423´669
12	49´214´400	26´542	9´555´030
13	52´324´800	24´330	8´758´778
14	55´435´200	22´302	8´028´879
15	58´545´600	20´444	7´359´806
16	61´656´000	18´740	6´746´489
17	64´766´400	17´179	6´184´282
18	67´876´800	15´747	5´668´925
19	70´987´200	14´435	5´196´514
20	74´097´600	13´232	4´763´472
21	77´208´000	12´129	4´366´516
22	80´318´400	11´118	4´002´639
23	83´428´800	10´192	3´669´086
24	86´539´200	9´343	3´363´329
25	89´649´600	8´564	3´083´051
26	92´760´000	7´850	2´826´130
27	95´870´400	7´196	2´590´620
28	98´980´800	6´596	2´374´735
29	102´091´200	6´047	2´176´840
30	105´201´600	5´543	1´995´437
31	108´312´000	5´081	1´829´150
32	111´422´400	4´658	1´676´721
33	114´532´800	4´269	1´536´994
~99	⋮	⋮	⋮
Mining total supply			298´598´400