How Rollercoin Mining Works :: Deep Dive On MiningsteemCreated with Sketch.

in hive-154708 •  2 years ago 

Hello, Roller Community ✌️

How Rollercoin Mining Works :: Deep Dive On Mining

🔴 Get Ready for a Deep Dive into RollerCoin's Mining Process!

Ever wondered how mining on RollerCoin REALLY works? 🤔

💡 Now's the time to find out!

Jump right in below! 👇

How does real mining work?

It's great to see our RollerFamily growing every second of every day 😊 We are all united by a common interest in mining and cryptocurrencies.

But do we all really know how RollerCoin mining works? 🤔Hamster thought it would be superfluous to shed some light on this topic.

So today we're going to talk about one of the most important foundations of RollerCoin: the mining process. Let's dive in a bit 👀.

How Rollercoin Mining Works :: Deep Dive On Mining

Let's take Bitcoin for example... Simply because it's easier to explain with Bitcoin 😁.

As you know, Bitcoin runs on the blockchain, a digital ledger that records transactions on the network. Therefore, it is not about mining after all😁.

Bitcoin mining involves computers, servers and rigs working together to confirm transactions and maintain the blockchain.

Of course, these computers cost money for electricity, maintenance and other expenses, which is why they are rewarded with bitcoins 💫.

The more powerful your computer is, the better your chances of winning big rewards. So if you're mining, it's important to have powerful hardware! ⚡

Most of you probably already know these things, but what do you think 😎.... Yes, I do. 🥺

It might take a few blogs to explain the mining process in detail, but the basics are almost complete. And that leads us to the next question 👇.

How do you mine Crypto with RollerCoin?

How Rollercoin Mining Works :: Deep Dive On Mining

As a mining simulator game, RollerCoin has its own global mining pool where the power of all RollerCoin players is combined.

The main idea of the game is to distribute block rewards among players according to their mining power, just like in real crypto mining.

As an online mining simulator, RollerCoin includes the real mining concept described above, but instead of connecting to nodes and using real computing power, you get the incoming mining power:

👉 Playing games: this power is temporary; it is only held for 24 hours. If you win better PCs in the game, the power is retained for longer: 3, 5 or 7 days.

👉 Virtual Miner: this power is permanent and is a combination of all Miners in your room. Fixed numbers.

🧐 Depending on your mining power in the game, we spread our own crypto among all RollerCoin players. The formula is as follows

Your reward = (your mining power / mining power of all players) x block reward.

Once a block reward is allocated, every active player receives a portion of it. How much you get depends on your mining power. 🦾

However, having the same amount of mining power doesn't mean that the expected block reward is the same amount ☝️ As more people join RollerCoin to play games or buy miners, new block rewards will be released 🙌.

To maximize power, it is important to upgrade your mining equipment 🛠️ by crafting. Upgrading your miner means increasing your mining power and allows you to mine more crypto.

"Oh, I see! This is already quite reasonable and understandable, but... Where do I get my own crypto?" 🤨 That's a good question, Roller🐹.

RollerCoin is funded through advertising, in-game purchases and sponsorship. These funds are used for player mining, salaries and further development of the game🤝.

Conclusion

You can see that RollerCoin mining is a fun and unique way to do a bit of crypto mining without the need for specialized hardware or technical knowledge 🙃

Whether you are a casual player or a curious newbie, it is a fun way to explore the world of cryptocurrency mining.

All you need is to have fun 😉 Just play the game, equip your room with an awesome upgraded miner and soon you won't even realize how powerful your mining has become 😎.

Play Now! 🐹

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