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Proof-of-Loyalty (PoL) Mining

This article introduces Proof-of-Loyalty (PoL) Mining. A cryptographic mining method that is totally new and set to potentially grow to a multi billion dollar industry. This would explain to you how and why you can take part in this!

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Bitcoin mining as we know it, is a multi billion industry. Big mining farms are setup all over the world.

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Bitcoin production is about 1,800 Bitcoins per day. Miners collectively earn about an equivalent of USD 18,000,000 per day. That is assuming that Bitcoin is USD 10,000.

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In Bitcoin’s infancy stage, you can earn about 5-10 BTC per day just by mining it with a simple video card.

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Such days are no longer, as there are more and more competitive farming done all over the globe.

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Mining on specialized hardware generally takes between 8 – 18 months of continuous operating to break even. Expensive electricity and also the mining machines are very noisy.

If you spend over S$ 100,000 on the above mining hardware, you would take between 8 – 18 months to break even on continuous running. After that, the hardware would not be useful. You would have to spend S$ 100,000 to replace the hardware.

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Cloud mining lacks transparency. You do not know how they are doing mining on your behalf. Even with cloud mining, you would take a year to break even.

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Not to mention bitcoin mining, your hardware would experience asset depreciation. Your hardware would not have resale value and would need to be disposed off with no returns.

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Pure conventional Proof-of-Stake (PoS) does not have the problems of Proof-of-Work (PoW). However, most Proof-of-Stake (PoS) do not have huge returns as most mature Proof-of-Stake (PoS) has high prices that favour earlier adopters and most people would not be able to get preferred pricing earlier adopters get.

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Introducing Proof-of-Loyalty Mining. For those more technically inclined, you may read the detailed Proof-of-Loyalty white paper by clicking on this link.

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Network nodes are in the process of being setup. For Proof-of-Loyalty mining.

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No expensive mining hardware to purchase.

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You just need to buy Katalyst to outsource to our nodes for Proof-of-Loyalty for us to mine for you.

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Immense resale value as Katalyst is listed in BartyDEX (soon to come) and WavesDEX. Unlike hardware purchase in Bitcoin cannot give you resale value at all. Proof-of-Loyalty (PoL) mining gives you both Coins that have value and also your original purchase to be a part of the mining can be resold.

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Katalyst would increase in value as projects are going to use Katalyst as one of their tokens to pay for the fees of Proof-of-Loyalty (PoL) mining.

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Presently, the first major project to use Proof-of-Loyalty (PoL) to record and reward community’s activities on the blockchain platform is OToken – the project designed from ground up to disrupt Hollywood industry. Many more would come.

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Bitcoin Mining partially contributed to the increase of market cap of Bitcoin from small millions to the present USD 196 billion.

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For Proof-of-Loyalty (PoL), it is just at the beginning. Being the first, and with others new / old projects adopting Proof-of-Loyalty (PoL), the value of Katalyst and the related outsourcing income to Proof-of-Loyalty (PoL) mining nodes can only go up.

Be part of the pioneers, if you are keen to participate in the Katalyst Token Generating Event, please click on this;

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