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Skywire miner rewards
#1
Hello,

Will the skywire miner rewards be relative to the traffic routed?
If so, will a miner in a heavily populated area generate more rewards vs one in a rural area?
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#2
(01-01-2018, 07:27 PM)Frog Wrote: Hello,

Will the skywire miner rewards be relative to the traffic routed?
If so, will a miner in a heavily populated area generate more rewards vs one in a rural area?

Quote from Anonymous Kid on the Telegram chat

"The miners in skywire forward data packets to each other which lets you access it as a decentralized internet. To pay for the bandwidth users expend coin hours. these coin hours then go to the people running the Skywire nodes. Also, funds from the dev wallet are used to reward the most effective skywire nodes to help further incentivise them."
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#3
To end the misunderstanding, the miner rewards will be in skycoin or coin hours?

And what if I set a node in Australia, can my node forward data packets from USA ? Or every country forward their own data packets for efficiency?
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#4
(01-02-2018, 06:40 AM)Mihai Wrote: To end the misunderstanding, the miner rewards will be in skycoin or coin hours?

And what if I set a node in Australia, can my node forward data packets from USA ? Or every country forward their own data packets for efficiency?

imho, International node forwarding is required for complete decentralization; expecially when it concerns totalitarian regimes.
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#5
What differentiates the effectiveness, is it the vollume of processing?
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#6
(01-02-2018, 06:40 AM)Mihai Wrote: To end the misunderstanding, the miner rewards will be in skycoin or coin hours?

And what if I set a node in Australia, can my node forward data packets from USA ? Or every country forward their own data packets for efficiency?

I'm in Aussie too - where you located? Have you got something setup yet?
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#7
(01-04-2018, 09:57 AM)Bruce Wrote: What differentiates the effectiveness, is it the vollume of processing?

Hopefully there are multiple factors. While volume has an obvious correlation to use/importance, "uniqueness" (having a node with less geographic competition) seems to be valuable as well. Since all data is encrypted there might need to be a mechanism to avoid "spoofed" traffic. Dunno if that has been addressed yet.
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#8
So only the "most effective" miners will get skycoin as reward?
Is there any clear criteria / rules judging such effectiveness? Or is it to be determined?
If TBD, when will such criteria / rules be available?
And I would like to know the amount of skycoin reward too... Just trying to figure out the profitability of mining. Hopefully it won't be losing money to mine.
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#9
we're probably not far off the testnet at which point i assume a lot of these things will be ironed out.

i don't think any of this is set in stone yet.
sky: 27oB97MjgvMLQq2B2CgWyVr8E3gxea47T1e
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#10
in the latest interview with synth he gives a good explanation how miner rewards are going to get allocated.

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