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QBIT coin (mining)

QBIT Cryptocurrency parameters:

  • Algo/Consensus: PoT, PoS, PoC for Main chain and for bound DApps - Buzzer & Cubix (transaction fees in Qbits from those DApps are collected by particular miners as block rewards).

  • Unit: 1 QBIT = 100 000 000 qBIT or (1 0000 0000 qBIT) - Main chain.

  • Block time: 2 secs.

  • Block reward: logarithmic progression - each next year reducing current reward on 10%. Specifically:

    • 1st year - 1.000 QBIT

    • 2nd year - 0.900 QBIT

    • 3rd year - 0.810 QBIT

    • 4th year - 0.729 QBIT

    • ... (almost a half of the supply will be minted during first ~7 years, see chart below).

  • Total supply: ~157,679,811 QBIT.

  • Premine: ~7,000,000 QBIT (User onboarding).

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QBIT Explorer - http://explorer.buzzer.network/​

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Emission schedule chart (amount/year):

emission.png

So, QBIT cryptocurrency is the fuel for the Buzzer and Cubix DApps. You need some QBITs to live on Qbit platform.

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Here you can find the technical requirements for mining equipment (link)

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