Starting mining SIGNA
Signum is a community-driven blockchain that uses a unique and energy-efficient consensus mechanism known as Proof-of-Commitment (PoC+), a refined version of Proof-of-Capacity (PoC). Unlike traditional Proof-of-Work (PoW) systems that require energy-intensive computations, Signum's PoC+ allows mining using available hard drive space, making it an energy-efficient and sustainable option.
In the PoC+ model, miners generate and store plot files on their hard drives. When a new block needs to be mined, the miner's software quickly scans these plots to find the best deadline, which determines the time to forge the next block. The miner with the shortest deadline earns the right to forge the next block and receives the full block reward.
Mining Signum offers several advantages:
- Sustainability: Utilizing hard drive space for mining significantly reduces energy consumption compared to traditional mining methods.
- Accessibility: Since mining relies on storage capacity rather than high-end GPUs or ASICs, it's more accessible to a broader range of individuals.
- Decentralisation: By enabling more people to participate in mining, Signum promotes a more decentralized and secure network.
- Solo Mining: Solo mining gives you full control over your mining operation. You work independently, and when you successfully forge a block, you receive the entire block reward — no sharing involved. This approach is ideal for miners with significant storage capacity who aim to maximise long-term rewards while actively supporting the decentralisation of the network. It also allows you to contribute directly to the security and resilience of the Signum blockchain, as every solo-miner needs to run their own Signum node.
- Pool Mining: Pool mining is perfect for newcomers or miners with smaller setups. By teaming up with other miners and combining resources, you significantly increase the chances of finding blocks. Rewards are distributed based on each miner's effective capacity, offering more regular and predictable payouts.. Pool mining provides a great way to earn SIGNA consistently, even with modest hardware, and it's easy to set up and monitor.
For a visual guide on how to start mining Signum, you might find this video helpful:
Whether you're a seasoned crypto user or completely new, Signum mining is accessible, green, and rewarding.