Change Chain
  • Change Chain
  • Introduction
    • Introduction
    • Key Features
  • Architecture
    • Overview
    • Consensus
    • Transaction Processing
      • Transaction Lifecycle
      • High Throughput Mechanisms
    • Network Layers
    • Interoperability
    • Technical Specifications
  • Mining
    • Mining
      • Setting Up a Mining Node
      • Solo Miner
      • Pool Mining
      • System Requirements
      • Installation
      • Troubleshooting
    • Backup and Restore
    • Gas Model
    • Mining Rewards
    • Tokenomics
  • Ecosystem
    • Ecosystem Components
      • Wallets
      • Explorer
      • Governance
    • Change Chain vs. Layer 2
  • Roadmap
    • Roadmap
  • FAQ
    • FAQ
  • Developer Resources
    • Incentives and Support
    • Development Tools
      • CLI
      • Debugging Tools
      • Testing Framework
    • SDKs
    • Developing Smart Contracts
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  • Miner Rewards
  • Block Rewards
  • Adaptive Reward System
  • Epoch-Based Distribution:
  • Transaction Fees
  1. Mining

Mining Rewards

PreviousGas ModelNextTokenomics

Last updated 7 months ago

Miner Rewards

To secure the Change Chain network, miners contribute computational resources and are rewarded through block rewards and transaction fees.

Block Rewards

Adaptive Reward System

Equation:

Annual Reward Rate(%)=(Active Mining Power(%)3.5%×50%)Annual\ Reward\ Rate(\%) =\left( Active\ Mining\ Power(\%) 3.5\%\times50\% \right)Annual Reward Rate(%)=(Active Mining Power(%)3.5%×50%)

Example Calculation:

If 25% of the total mining power is active:

AnnualRewardRate=(3.5Annual Reward Rate=(3.5%×50%25%)=7%\text{Annual Reward Rate} = \left( \frac{3.5\% \times 50\%}{25\%} \right) = 7\%Annual Reward Rate=(25%3.5%×50%​)=7%AnnualRewardRate=(3.5

Explanation:

  • The reward rate adjusts inversely with the active mining power to incentivize participation.

  • Targeting a reward rate of 3.5% annually when 50% of the network's mining power is active.

  • Formula:

    • Annual Reward Rate (%) = (3.5% × (50% / Active Mining Power %))

  • Ensures fair compensation regardless of total mining power engaged.

Epoch-Based Distribution:

  • Rewards are calculated and distributed every epoch (e.g., every 6,400 blocks).

  • Allows for smooth adjustments and predictable reward schedules.

Transaction Fees

  • Equal Distribution:

    • Transaction fees collected are proportionally distributed among miners based on their contributed hash rate.

  • Incentivizing Participation:

    • Higher network activity leads to increased fees, encouraging miners to maintain and upgrade infrastructure.