EGOLD MINING GUIDE

Egold miners are virtual mining machines built with ANFT Technology that are designed to mine Egold on the blockchain. These machines are specially designed for Egold ecosystem and operate based on completely unique mining methodology.

The system mimics functions of physical miners on the blockchain using NFT & Smart contract technologies. Attributes such as Electricity cost, depreciation of miner are added to the machines.

What are the key attributes of a Egold mining machine?

1. Mining Hash Power

2. Mining Fuel Cost

3. Miner Hosting Fee

4. Limited Claims

5. Depreciation

How does the mining machine work?

Core to Egold miner is mining hash power. More mining hash power means more share of the mining an individual miner can accumulate. All mining hash power bought and staked by all miners is combined into one pool based on which mining difficulty is discovered.

Example :

if egold supply per block is 100 egold and Mining Hash Power deployed is also 100 MH/s then each miner will receive 1 egold per Mining Hash Power deployed.

But if Egold supply per block is 100 and Mining Hash Power deployed is 200 then each miner will receive 0.50 Egold per hash.

Effectively as more miner come on board and deploy more Mining hash power Egold collected per Mining Hash Power will keep reducing.

There are other factors that also effect your mining output such as Mining fuel fee cost, Miner hosting fee & Claim Depreciation that are explained further.