In a recent report, the Satoshi BTCs (CORE) mining has surpassed 50 million app downloads across the crypto industry, with over 10 million active participants thus far.
The statistical data obtained from their web pages shows that over 10 million users are active currently, with 400,000+ Core TestNet Addresses (tCORE) and over 7million test transactions recorded and completed successfully.
At the time of this publication, there are 425M CORE (BTCs) in Circulation, out of the 525.6M CORE to be distributed via this innovative method of airdrop using the SATOSHI App Mining. The 100M CORE remaining to be digged from now till 12th December 2022.
Here’s the accurate arithmetic for those who are yet to understand : Each BlockHeight (10 minutes) generates 5k CORE; every 1hr (6 blocks) = 5000 x 6 (30k CORE); each day {6×24 (144 blocks)} = 30k x 24hrs (720k CORE). From today (28th July) to 12th December is about 137 days which will generate 720k x 137 = 98M+ CORE.
In simplest calculation terms: Everyone usersʼ BlockHeight is counting the same always, likewise Hashrate, NextBlock, Circulation, and HashGains, except the MyHash, Contributed, MyMiners, MiningRate and Assets. Every 10 minutes, 5000 CORE (BTCs) gets distributed. Every active miner gets share from it : those with higher MyHash, Contributed and MiningRate gets more CORE. Mining Rate is beside that BTC Giveaway. You’ll see that some miners are having 0.0002, 0.005, 0.08, 0.1, etc… To know how many CORE you get per day, multiply your rate of mining by 144.
The future global strategic layout of $CORE is to create decentralization and provide a strong currency value for it, as it an opportunity for people’s financial life to change for better – as it is representing a vital step in the globalization of encrypted and scalable digital asset.
Core as a stand-alone blockchain technology is based on ecology and has extensive content and complete functions. There will be many ecological projects on this public chain. Please, understand that CORE (BTCs) is in TestNet phase and can’t be withdrawn yet. But the Bitcoin (BTC) can be withdrawn into your any other crypto wallet, provided you have minimum of 0.0002 BTC in your CORE mining account. While, to Transfer BTC to another BTCs mining account, both user are required to have minimum of 0.0001 BTC.
For the interest of the Core participants (miners), do not relent in creating awareness regularly for #CORE mining. Endeavor to participate in the exchange of HashCard, and test transactions – so as to familiarize with wallet operations on TestNet to avert risk of asset loss due to improper operation on MainNet. The project’s development team – @Coredao_Org will continue to share the developments with the community as the main-net will only go online when the TestNet is verified to be stable.
A single but profitable update in the crypto market can change your financial status for good. Always, be open to learning, and continue exploring new technologies. Any new innovation is subject to uncertainties. Core Mining is verifiably a free and experimental project, regardless of the process and the result, it is a natural choice for survival of the fittest by theory of evolution.
For newbies in #CORE (BTCs) mining : You receive the daily #Bitcoin reward from Day1 to Day 7. Then it will stop, and you can be getting BTC rewards via Mining Factory (referrals) which also enables you to participate in the BTC giveaway too. Do not “Clone” SATOSHI Core App, to avoid getting a permanent ban by the system Anti-Cheat. For clarity, the App clone is an app you can download and use it to duplicate apps on your phone. Dishonest participants are using it to operate multiple accounts (different fake identities) just to have more BTC rewards, and increased mining rate.
Thus far, the Development Team of CORE Satoshi has verifiably spent over $6M on BTC Giveaway, since December 2020 till date. This excludes the Bitcoin incentives given to new miners from their day1 to day7 and Recruit Rewards (ie Referrals Bonuses). The Dev Team are equipped to push CORE to outstanding heights; this is the reason they tweeted few weeks ago that, for past 3years they’ve been developing this project and has never sourced funds from outside. The Dev Team are is many technology enthusiasts, who are loyal fans to Satoshi Nakamoto – the creator of Bitcoin – and they follow Satoshi’s idea – prompting them to stay anonymous till date.
In a recent tweet, the @Coredao_Org stated that, “The block rewards for CORE will be distributed over an 81 year period. This increases the likelihood of the success of the chain by fully incentivizing all network participants before transitioning to compensation purely by transaction fees.” In a nutshell, regarding the 81year distribution period : it entails that when the ongoing SATOSHI APP mining for CORE (BTCs) elapse on December 12, 2022, the Decentralized Validator Node will be the only way to obtain (mining) CORE.
On that note, as the Delegators (more like staking) are rewarded (with $CORE) from delegating their existing CORE holdings with active Validators, the process of CORE distribution extends over an 81 year period. The CORE mining via Validator Nodes in conjunction with relayers and Bitcoin Hash Power will be active over an 81 year period. So mining after December 12 will no longer be free because in order to obtain CORE, you will need to delegate CORE to get more – like staking in crypto. Those without CORE will have to purchase CORE in a bid to make delegation.
Core (BTCs Satoshi) development team has also proven that to perform an attack successfully, a minimum of 1/3 of the validators must be adversarial. Core contains slashing and jailing mechanisms to disincentivize byzantine behavior by validators which can be flagged by anyone acting as a verifier in the network. The honest validators check to see if any current validator has been jailed periodically to keep TPS stable.
Every validator has a chance to produce a block in a strict ordering, from 1-21 ranked by hybrid score before it restarts again from the top. Hybrid scores, a function of delegated hash power and stake, are calculated for all validators in the network and 21 validators with the highest hybrid scores are elected in the validator set.
There will be a Total Supply of 2.1Bn CORE. Out of it, the Dev Team will airdrop 525.6M through this current Satoshi app mining, which will elapse on 12th December, then subsequent mining will be through the use of Decentralized Nodes – which is the real way of mining crypto. The first 1,000 top holders of CORE (BTCs) globally doesn’t hold more than 1% of the assets in Circulation due to the decrease of HashGains as more people joins, which means that, the decentralization of chips will give the participants wealth safety and not worry about any form of market price manipulation in the future.
New miners, Always tap “Receive CORE” at least twice each day. That is the major Mining. Never wait for it to reach 150 blocks before u tap “Receive CORE” because when it reaches 150 blocks and u haven’t Received CORE, your mining will stop, until you tap on it – then your mining will resume. While referring anyone to a crypto airdrop, tell them to keep a clear state of mind on the outcome of the project, and be open to learning from the current development.
Here’s an overview on Satoshi CORE Technical WhitePaper. Miners are recommended to take time to read through it, as developing a crypto project with standalone Blockchain involves complex tasks and usually require verified auditing to get complete, scalable, secured and sustainable results before the Main-net launch.
Full Report on core-technical-whitepaper, and endeavor to join the CORE mining social media communities via the Telegram Group, Twitter and TG Announcement Channel to be on the know regarding recent developments on the core mining.
I need to download