The block reward started at 17 XNB in block #1 and halves depend on block height and difficulty. This means every block found reward = (Supply – A) * 2^(-20) * 10^(-12), where A = current circulation. For mining profit, the simplest would be the following: Daily mining estimate = ( (your hashrate) * (current block reward) * 720 ) / (network hashrate)
Although the underlying code supports multiple encrypted copies of the same master key (and thus multiple passphrases) the client does not yet have a method to add additional passphrases. At runtime, the client loads the wallet as it normally would, but the keys are encrypted
Transactions are recorded into a distributed, replicated public database known as the blockchain, with consensus achieved by a proof-of-work system called mining. Upon reconnection, a node downloads and verifies new blocks from other nodes to complete its local copy of the blockchain
Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Xeonbit nodes each time they receive
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