TOP Mining ROI is 651%! The Mining is Coming Up Soon!
With the official upgrade of the TOP testnet to the Galileo version, it means that the TOP mainnet upgrade has sounded the clarion call for victory. After this upgrade, TOP’s mainnet will officially accept external nodes to the network. Today, let’s calculate whether TOP mining is worth participating in, and how high the profit of TOP mining can reach.
First of all, you need to understand the issuance of TOP and the rules of mining rewards. In the initial stage, the maximum issuance of TOP was 20 billion, of which the total mining reward was 7.6 billion, accounting for 38% of the total. The proportion of annual issuance is 8% of the total proportion of reserved rewards. As the proportion of reserved rewards decreases year by year, the proportion of issuance also decreases year by year.
For example, if the remaining mining rewards reserved in the first year account for 38% of the total, the issuance ratio in the first year is 38%*8%=3.04%, and the number of issued TOPs is 20 billion*3.04%=608 million. The proportion of the remaining mining rewards reserved in the second year to the total amount is 38%-3.04%=34.96%, then the issuance ratio in the second year is 34.96%*8%=2.7968%, and the number of TOPs issued for mining in the second year is 20 billion *2.7968% = 559 million. By analogy, the circulation of TOP is decreasing year by year.
In the TOP Mainnet, there are three types of nodes: Edge, Validator, and Advance, which can perform routing work, audit work, verification work, and archiving work respectively. When each type of node acts as a different job, the rewards obtained are also different. Among them, the rewards that can be obtained for routing work account for 2% of the total rewards, all of which are performed by edge nodes; the rewards that can be obtained for audit work account for 30% of the total rewards (including voting), which are performed by advance nodes; The rewards obtained account for 60% of the total rewards, which are served by verification nodes and advance nodes.
Taking edge node as an example, the total reward of edge nodes in the first year is 608 million * 2% = 12.16 million TOP. If the number of nodes joining in the first year is not large, assuming there are 32 edge nodes in total, then a single The total reward for edge nodes in one year is 380,000 TOP. Taking AWS servers as an example, the cost of renting a server for a single edge node is $10/M, and the cost of renting a server for a single edge node for one year is $10*12=$120. If calculated at the current price of 1TOP=0.0013USDT, the one-year ROI of a single edge node server is (380,000*0.0013USDT-$120)/$120=311.67%.
If you look at the minimum registration deposit of 200,000 TOP of edge nodes, it is a one-time mortgage of 200,000 TOP. You can get a reward of 380,000 TOP by the end of the year, and the annual mining return rate can reach 190%. In the same way. We respectively assume that the number of advance nodes is 150 and the number of validator nodes is 450, and taking the AWS server as an example, after calculation. The following TOP mining rewards and server ROI data can be obtained.
As table shows above, in the initial stage after the TOP mainnet upgrade, since the number of nodes added is not large, each type of node can obtain considerable benefits. Among them, the one-year ROI of advanced node servers without dividends is as high as 651%, which not only far exceeds the traditional investment return, but is also one of the few in the blockchain circle.
More importantly, the data used in the above calculation is the TOP price that is currently at the bottom. Once the TOP ecosystem continues to expand in the later period and more applications are migrated to the chain, the TOP price will rise sharply, and the revenue of TOP mining will also rise. May even be several orders of magnitude higher than the current earnings.
As the number of nodes continues to increase, there will be more nodes to share the mining revenue, so the sooner the nodes join, the more revenue they will get！
Here is the information you may need to join the test-net:
1. You will find the guidance in the link below:
Document address: http://developers.topnetwork.org
2. You may also need our Test browser to find your address information: http://test.topscan.io/
3. As well as our Github address: http://github.com/telosprotocol/TOP-chain
4. Test faucet English link: www.topnetwork.org/en/fafucet
Join our Telegram channel if you have any question:
https://t.me/topnetwork_top
