From 717c067a45c67d0c52f3447c70dd2e13f8fdc81c Mon Sep 17 00:00:00 2001 From: cgi-bin/ <6095048+sven-hash@users.noreply.github.com> Date: Thu, 21 Dec 2023 10:39:23 +0100 Subject: [PATCH] chg: adapt mining rewards section --- docs/glossary.md | 10 +++------- 1 file changed, 3 insertions(+), 7 deletions(-) diff --git a/docs/glossary.md b/docs/glossary.md index b83a576b..70b31ba9 100644 --- a/docs/glossary.md +++ b/docs/glossary.md @@ -125,15 +125,11 @@ This difference is offered by actors referred to as “searchers” that analyze ![](media/Block%20reward.png) -The mining reward is the payment to the miner for the computational work needed to validate the transactions and put them into a block. On Alephium, The mining reward has two components: [Transaction Fee](#transaction-fee) and [Block Reward](#block-reward) or new token emissions. The transaction rewarding the miner and issuing the newly minted ALPH is called a coinbase transaction. +Alephium’s reward for newly generated blocks is also called Mining Reward (MR). After distribution, the [block rewards](#block-reward) are locked for 500 minutes. -The following equation defines it: +The mining reward is bound by two curves based on hashrate and timestamp. At a given time and for a given hashrate, the reward per block equals the minimum between the time-based reward and the hashrate-based reward. -Total Mining Reward = Block Reward + min(max(Block Reward, 1 ALPH), Transaction Fee / 2) - -![image](media/186885966-b8d746fb-612b-433e-8f79-47e5a87ea375.png) - -Half of the transaction fees component is burnt to act as a deflationary mechanism. +Block Reward = min( time-based reward, hashrate-based reward). Additional resources: [Alephium Block Rewards](https://medium.com/@alephium/alephium-block-rewards-72d9fb9fde33)