Get paid directly from the protocol and help secure Nexa
Nexa operates on the most battle-tested system of blockchain security, Proof-of-work. Anyone can join the network and be paid in NEXA to provide security to the network.
How to Mine Nexa
Nexa is currently GPU (AMD/NVIDIA) mined via third-party mining software. Nexa was launched on June 21st, 2022 and was initially mined via open-source CPU mining software provided by the Nexa team. CPU mining continued until late November 2022 until GPUs began to come on the network.
Mining Algorithm
Nexa utilizes a unique algorithm ”Nexapow” that will allow the chain to scale to global capacity. Instead of just using computing power to provide consensus like traditional blockchains with Proof-of-work, the Nexa algorithm contributes computing power to remove two key bottlenecks in scalability: Signature signing and UXTO lookups. Currently Nexapow consists of SHA-256 hashing with Schnorr signatures, and will be later be upgraded to include UTXO lookups.
Mining Rewards
Nexa has a similar monetary policy and block reward structure as Bitcoin, which has mining rewards halving every ~4 years. The currently block reward is 10 million Nexa per block. Each block occurs every ~2 minutes, for a total of ~720 blocks per day (7.2B Nexa Emitted Daily). Max Supply of Nexa is 21T which will be reached in ~140 years.