Xiden

If you have come into this post, you must have heard of XDEN mining. Mining on the Xiden blockchain refers to creating your home-owned ecosystem and using it as a node to verify transactions, compile them to a block, solve computational puzzles according to selected difficulty, and submit the block to the network for a block reward.As mentioned in our previous article about <a href="https://medium.com/&#64;xiden.blockchain/crypto-winter-is-here-to-stay-if-youre-considering-returning-to-crypto-mining-here-s-what-aef700262db2" rel="noopener noreferrer nofollow">mining in the crypto winter</a>, some people might not want and trust the market enough to invest in cryptocurrencies at the time, and mining may sound like a better idea, representing a very good alternative to generate income.Firstly, if you want to learn about Xiden blockchain and its utility layers, read this article Introducing Xiden. A sum of what Xiden represents is the fact that it is a long-term project for which the users are instrumental in helping to establish its success. Xiden aims to build a new layer of a decentralized internet, its main purpose being to eliminate the possibility of censorship and allow access to everyone to the world wide web while providing an opportunity of creating a passive constant income.Although, generally speaking, crypto mining requires a high power consumption, Xiden enables mining with efficient energy consumption. Ecosystems such as the Xiden blockchain can generate high rewards for users that want to invest in a home-owned ecosystem infrastructure that can mine a token that, even in the current conditions, manages to be stable. Here’s what we wrote in our previous article about the <a href="https://medium.com/&#64;xiden.blockchain/xiden-blockchain-device-integration-validator-booster-roles-monetizing-iot-a8b5fe1cef2f" rel="noopener noreferrer nofollow">Xiden Ecosystem and monetizing IoT.</a>The crypto mining process within Xiden’s low-energy ecosystem is very simple. Therefore, only unconfirmed transactions can be mined/validated. After the miners identify that the transactions are legitimate, the nodes are spread out into a network similar to a Peer-2-Peer file-sharing network.For each of these confirmed transactions a miner creates, a node has to add it (the legitimate transaction) to its database, where it is then made part of the blockchain.Mining on Xiden has several advantages. Unlike traditional banks that can freeze your assets or other high energy consumption cryptocurrencies mining, you have full control over your crypto at all times. Other highlights of mining XDEN, the native token of the Xiden blockchain, include:<ul><li>Inability to counterfeit</li><li>Access by everyone</li><li>Easily configurable home-owned ecosystem</li><li>Access to a high volume of resources thanks to the Smart Distributed Resources utility layer</li><li>Ensured passive income</li></ul><h2 id="header-0">How can you get XDEN rewards?</h2>The answer is quite simple, and it includes several ways:<h3 id="1-by-becoming-one-of-the-system-s-validators-mining">1. By becoming one of the system’s validators (mining).</h3>To become a validator, you need to purchase a device called Minter Guardian (available <a href="https://cryptodata.com/product/minter" rel="noopener noreferrer nofollow">here</a>) that has a validator role assigned and register it into the system.<img src="https://miro.medium.com/max/1400/0*VI0yDJKKfECdGCmq.png" />Minter Guardian RouterOnce registered, the Minter Guardian Router acts as a validator node in the system and facilitates the integration of smart devices.Good to know is that any purchased Minter Guardian comes with 1.000 locked XDEN that can be unlocked through mining — validating transactions.<h3 id="2-integrate-your-devices-into-the-sdr-layer">2. Integrate your devices into the SDR layer</h3>Smart Distributed Resources is a utility layer integrated into the Xiden blockchain that collects all the resources distributed by the network’s registered devices and makes them available for all users, in a decentralized manner, according to their needs.All available devices on the global market can be integrated into the SDR layer, but they will have different roles assigned.*CryptoDATA devices such as the BASM laptop (available <a href="https://cryptodata.com/basm" rel="noopener noreferrer nofollow">here</a>), HiDR (available <a href="https://cryptodata.com/hidr" rel="noopener noreferrer nofollow">here</a>)smartphone, and Minter Guardian have validator roles.All other regular devices can be registered into the SDR layer via the Spectralis Network enabled by the Minter Guardian router. Regular devices that share their resources with the system will have booster roles (will increase validation power by up to 20%) and will receive XDEN rewards for their work.<h3 id="3-develop-dapps-and-apps">3. Develop dApps and Apps</h3>Xiden is an environment for developers which facilitates the development of applications necessary for the Xiden community, the crypto community, or technology enthusiasts and includes all the familiar tools such as HardHat, Truffle, Web3.js, Ethers, Metamask, Solidity, EVM, Remix IDE, and others.<h2 id="header-1">Rewards Distribution</h2>The rewards in Xiden are distributed according to the work performed within the system. The factors that influence rewards distribution are:<ol><li>Validation Power The total validation power is accumulated from all the validators available in a KrateR Pool, and based on it, users receive XDEN rewards. </li><li>Available Resources Users receive more rewards for integrating their devices according to the resources distributed in the SDR layer. </li><li>Mining Difficulty Difficulty can be Public or Private. It can be influenced by the XDEN circulating supply, price, and the number of registered validators. </li><li>Devices’ Uptime Rewards are given every 24 hours according to the total validation power of that period. The validation power is calculated based on how long the devices have been online at any given moment in that period.</li></ol><h2 id="header-2">Why it pays to have a home-owned Xiden ecosystem</h2>When registering devices that validate transactions in the network, the users will receive constant XDEN rewards. The validating power can be boosted by connecting multiple miners, thus, ensuring a higher rewards amount. Learn more <a href="https://xiden.com/xiden-validator" rel="noopener noreferrer nofollow">here</a>.By becoming part of Xiden, users can benefit from a fully decentralized and global ecosystem powered by participants worldwide. Users gain benefits and can leverage networks made for, and operated by, the people.

Mining on Xiden - alternative to generating income in the Crypto Winter

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