Subscribe to Our Newsletter
Thursday May 26, 2022
Bitcoin (BTC) $29,311.00   Ether (ETH) $1,874.36
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Mining

Rewards to increase for mining and leasing WAVES

Published by CryptoNinjas.net
11/16/2017
Rewards to increase for mining and leasing WAVES

The team at Waves, the blockchain platform for custom asset/token issuance and trading has informed that miners rewards are about to rise considerably. The terms for miners will be changing, which will make running a node or leasing balances more profitable. Projections from Waves shows that miners will be able to earn up to 5% annually on their balances — not taking into account expected increases in transaction volumes, or the price of WAVES.

Additionally, the Waves platform has just successfully tested the NG consensus protocol, announced early this month and which promises greatly increased speeds and throughput on the blockchain. Once NG is released on mainnet in mid-December, the Waves team says they expect the network to be able to process around 6,000 transactions per minute, making it the fastest production blockchain in the world, with many more transaction fees to distribute.

Mine WAVES

With the number of transactions rising steadily over the past few months, and ready to increase as NG goes live, there are new opportunities for miners to generate an income from their holdings. Users need 10,000 WAVES and a simple hosted server to run the client, and it does not take any specialist hardware. Those running a node receive all of the transaction fees from the blocks processed, in WAVES and other assets, as well as rewards in the form of the Miners Reward Token (MRT) which can be traded on the Waves DEX. The total annual rewards earned by miners will increase by up to 5% starting from the beginning of 2018.

Waves use a Proof-of-Stake algorithm in which the WAVES you owned (or that have been leased to the user) reflect the mining power. The more owned, the higher the chances of processing the next block and receiving the transaction fees as a reward. Essentially it’s a form of interest on a miner’s balance.

Lease WAVES

If users don’t have 10,000 WAVES or don’t want to maintain a node, they can always lease their balance to a miner or mining pool. Users can click on the Leasing tab in the lite client and assign their balance to the address of the mining pool wanting to be used. Doing this helps support the network while the user can get paid rewards, but they won’t have to run a node. Leased balances remain in the full control of the owner — they never leave the account — and users can cancel the lease and unlock the WAVES for your own use at any time.

31
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Waves sells Duck NFT “Perfection” for $1M; launches Duck Hunters to incentivize participation in Waves DeFi

04/15/2021
Waves sells Duck NFT “Perfection” for $1M; launches Duck Hunters to incentivize participation in Waves DeFi

Waves, an ecosystem of next-generation technologies built on the Waves blockchain protocol, has concluded the highest sale of an NFT outside of Ethereum with its first Waves Duck called “Perfection" which sold for 1,000,000...

Read more

Waves to offer collateral protection on USDN stablecoin with UNION platform

12/29/2020
Waves to offer collateral protection on USDN stablecoin with UNION platform

Waves, an open blockchain protocol and development toolset for decentralized applications, today announced a partnership with UNION, a full-stack protection platform for the DeFi space. UNION will offer its collateral protection product to future...

Read more

Rostelecom and Waves Enterprise develop federal blockchain-based e-voting system

08/19/2020
Rostelecom and Waves Enterprise develop federal blockchain-based e-voting system

After recent local pilots of blockchain-based e-voting used for Russian constitutional referendum – used in the Moscow and Nizhegorodskaya area – a new blockchain voting system will be introduced on the Russian federal level....

Read more

Waves integrates Band Protocol’s oracles to enable cross-chain use for Neutrino stablecoin

07/14/2020
Waves integrates Band Protocol’s oracles to enable cross-chain use for Neutrino stablecoin

Sequoia Capital-backed, cross-chain data oracle, Band Protocol is enabling open-source blockchain platform Waves to jump into the $2B decentralized finance (DeFi) industry; by bringing true cross-chain integration of its data oracles to the Waves’...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
TRON network integrated with blockchain infrastructure provider Ankr

TRON network integrated with blockchain infrastructure provider Ankr

05/23/2022
Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint

Cosmos creator and co-founder of Tendermint Jae Kwon launches NewTendermint

05/25/2022
Polygon forms a multi-million dollar fund to assist Terra projects in migrating

Polygon forms a multi-million dollar fund to assist Terra projects in migrating

05/25/2022
Fairmint launches new tokenized equity platform for startups

Fairmint launches new tokenized equity platform for startups

05/25/2022
Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

05/24/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version