Ubiq is 100% Proof-of-Work (PoW), mineable on consumer grade GPUs. Originally launching with Ethash and later changing to Ubqhash after reaching 97.5% consensus via our governance system 'Escher'. You can mine UBQ on any of the pools listed below using Ubqminer, PhoenixMiner, SMOS or HiveOS.
Ubiq's slower DAG growth means older GPUs are supported for much longer. You can still mine Ubiq with a 2GB GPU, and will be able to for quite some time. This lowers the barrier to entry by allowing older cards to participate, and gives miners more time to ROI on their hardware before it's obsolete.
| Name | Website |
|---|---|
| AltPool | |
| UbiqPool.io | |
| UBQ GOMINE.PRO | |
| MyPool | |
| WATTPOOL | |
| Pool.Sexy | |
| MaxHash | |
| CLONA | |
| ZET |
Ubiq's monetary policy was hard-coded at its nucleus, meaning fewer surprises for the future. A predictable inflationary control system with longevity in mind helps strike a balance between simulating scarcity and incentivizing miners to secure the network.
Ubiq's monetary policy was designed to keep inflation low while ensuring miners would always be rewarded, preventing a fee-only miners market from emerging. We achieve this by reducing the block reward miners receive by 1UBQ each year, until the reward reaches 1UBQ per block at which point the reward stays at 1UBQ forever.
| Year | Inflation | Inflation Rate | Block Reward |
|---|---|---|---|
| 2017 | 2,866,909 | 7.29% | 8 |
| 2018 | 2,508,545 | 6.00% | 7 |
| 2019 | 2,150,182 | 4.89% | 6 |
| 2020 | 1,791,818 | 3.91% | 5 |
| 2021 | 1,433,455 | 3.04% | 4 |
| 2022 | 1,075,091 | 2.23% | 3 |
| 2023 | 716,727 | 1.46% | 2 |
| 2024 | 358,364 | 0.73% | 1 |
| 2025 | 358,364 | 0.72% | 1 |
| 2026 | 358,364 | 0.72% | 1 |
| 2027 | 358,364 | 0.71% | 1 |
| 2028 | 358,364 | 0.71% | 1 |