CONCENSUM Block Rewards

All blockchain communities that are decentralized have some sort of rewards system for people who help secure their network. In some systems like Bitcoin, these rewards are given to ‘Miners’, a select subgroup of people who secure the Bitcoin network.

In CONCENSUM we have ‘Staker’ instead of ‘Miners’ because we are working Proof of Stake (POS) instead Proof of Work (POW).

Anyone who has CEN can help secure the network and is able to receive rewards for their efforts!

The amount of block rewards are separated in different phases. The amount of CEN for each block will decrease for each phase. We start with phase 1 and 2 together 24.6375 blocks with 22 CEN per block. Starting of phase 3 the block rewards will decrease to 21 CEN per block and further 24.6375. Each following phase has 24.6375 blocks. Assuming 128 seconds per block we have 24.6375 block per year (365 days).

Following we answered the 3 most important questions for people who want stake there CEN.

1. How to Get Rewards?

CONCENSUM operates using a Proof of Stake security mechanism which means that in order to help secure the network, you must prove you hold CEN. The easiest way to get rewards is staking your CEN, which has no required minimum, but requires you to keep your wallet active. We recommend a value of 10000 CEN in your wallet.

2. Where can I get the Wallet?

You can find the wallet software for different platforms here:

Mac OSX                   Windows 64               Windows 32               Linux

or direct from GitLab

3. How much can I earn?

Every 128 seconds, 22 CENs are created. The probability of receiving a block reward depends only on the number of mature coins (“your weight”) in the wallet divided by the network weight. Coins must be in the wallet for 500 confirmations (blocks) to become mature. Thats around 18 hours. You can use our stake-calculator which you find here.

The following Reward Scheme shows the CEN rewards per block in each phase. We assuming 675 Block per day with a blocktime of 128 seconds.

CONCENSUM Block Rewards Scheme

Phase  Blocks from – to  Reward Blocks  Blockrewards
1  1 – 5500                                    22,00 5500                                   121.000
2  5501 – 246375                                    22,00 240875                               5.299.250
3  246376 – 492750                                    21,00 246375                               5.173.875
4  492751 – 739125                                    20,00 246375                               4.927.500
5  739126 – 985500                                    19,00 246375                               4.681.125
6  985501 – 1231875                                    18,00 246375                               4.434.750
7  1231876 – 1478250                                    17,00 246375                               4.188.375
8  1478251 – 1724625                                    16,00 246375                               3.942.000
9  1724626 – 1971000                                    15,00 246375                               3.695.625
10  1971001 – 2217375                                    14,00 246375                               3.449.250
11  2217376 – 2463750                                    13,00 246375                               3.202.875
12  2463751 – 2710125                                    12,00 246375                               2.956.500
13  2710126 – 2956500                                    11,00 246375                               2.710.125
14  2956501 – 3202875                                    10,00 246375                               2.463.750
15  3202876 – 3449250                                      9,00 246375                               2.217.375
16  3449251 – 3695625                                      8,00 246375                               1.971.000
17  3695626 – 3942000                                      7,00 246375                               1.724.625
18  3942001 – 4188375                                      6,00 246375                               1.478.250
19  4188376 – 4434750                                      5,00 246375                               1.231.875
20  4434751 – 4681125                                      4,00 246375                                   985.500
21  4681126 – 4927500                                      3,00 246375                                   739.125
22  4927501 – 5173875                                      2,00 246375                                   492.750
23  5173876 – 5420250                                      1,00 246375                                   246.375
24  5420251 – 5666625                                      0,50 246375                                   123.188
25  5666626 – 5913000                                      0,25 246375                                     61.594
26  5913001 – 6159375                                      0,13 246375                                     30.797
27  6159376 – 6405750                             0,062500 246375                                     15.398
28  6405751 – 6652125                             0,031250 246375                                       7.699
29  6652126 – 6898500                             0,015625 246375                                       3.850
30  6898501 – 7144875                             0,007813 246375                                       1.925
31  7144876 – 7391250                             0,003906 246375                                           962
32  7391251 – 7637625                             0,001953 246375                                           481
33  7637626 – 7884000                             0,000977 246375                                           241
34  7884001 – 8130375                             0,000488 246375                                           120
35  8130376 – 8376750                             0,000244 246375                                             60
36  8376751 – 8623125                             0,000122 246375                                             30
37  8623126 – 8869500                             0,000061 246375                                             15
38  8869501 – 9115875                             0,000031 246375                                                8
39  9115876 – 9362250                             0,000015 246375                                                4
40  9362251 – 9608625                             0,000008 246375                                                2
41  9608626 – 9855000                             0,000004 246375                                                1