Mining Phase 1 vs Phase 2
The output ber block is designed to be much higher during Mining Phase 1 than Mining Phase 2. Therefore we highly suggest Mining Phase 1.
ShardingDAO’s Mining Phase 1 will officially start at 11:00 am (SGT) on March 23, 2021. It will last for 21 days. The total mining reward will be 1,500,000 SHD; the output of each block of the Ethereum chain will be 10.45 SHD. On Binance Smart Chain, the output of each block of the chain is 0.1240 SHD. 20% of the mining revenue will be deducted from the Smart Pool operation, and 20% of the mining revenue will be deducted if the pledge amount exceeds the Upper Limit of the respective cryptocurrency.
After Mining Phase 1 is over, Mining Phase 2 will begin. Mining Phase 2 rewards a total of 21,000,000 SHD, which will be released according to the 4-year halving rule. The output of each block of the Ethereum chain is 1.04994 SHD, and each block of the Binance Smart Chain produces 0.01246 SHD. 20% of the mining revenue will be deducted from the Smart Pool operation.
Of all mining revenues, 80% goes to mining users and 20% goes to Developer DAO.