Proof-of-Proof mining on Hemi brings the network to a state of superfinality, and rewards participants with $HEMI tokens.

Hemi empowers bitcoin holders by opening them up to a world of yield. It also introduces ways for miners and network participants to earn new rewards through an emerging intersection of DeFi: MinerFi, a system where participants earn rewards by securing, validating, or publishing data across blockchains.

In Hemi’s two-layer security model, both Proof-of-Proof (PoP) miners and staking validators have roles to play, and both are incentivized with Hemi’s native token $HEMI.

Rewards With PoP Mining 

In Hemi’s consensus, anyone can become a PoP miner by running a lightweight client that listens for new Hemi blocks and then creates a Bitcoin transaction embedding the proof of that block. When that transaction gets confirmed on Bitcoin, it finalizes the Hemi block and the network rewards the PoP miner with $HEMI tokens. This action essentially bridges Hemi’s data onto Bitcoin, and PoP miners get paid for it.

PoP mining doesn’t require heavy hashing power the same way Proof-of-Work mining does, since publishing information is a far less computationally intensive task. The miner application is also super lightweight and designed for continuous operation on modest hardware. To operate, PoP miners must ensure they have allocated a sufficient amount of BTC to pay the transaction, or gas, fees, and publish the Hemi proofs to Bitcoin blocks. An efficiently managed miner collecting rewards is expected to outweigh fee-related costs, and Hemi offers bonus rewards when a proof is included within the next 2–3 Bitcoin blocks. 

The incentive structure for PoP mining nurtures fair competition across a decentralized mining collective. PoP mining isn’t parasitic either; Bitcoin miners aren’t required to redirect mining efforts to another chain for it to work as with merged mining, and PoP miners pay BTC fees to publish data on Bitcoin blocks, so Bitcoin miners actually benefit from PoP mining. Those who run PoP miner nodes are meanwhile converting a little BTC paid in fees into HEMI token rewards.

Start Mining On Hemi Today

Learn more about earning $HEMI by running a PoP miner and help secure the network anchored to Bitcoin.