{"id":10131,"date":"2023-06-07T05:26:33","date_gmt":"2023-06-07T05:26:33","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10131"},"modified":"2022-05-17T01:24:19","modified_gmt":"2022-05-17T01:24:19","slug":"how-to-mining-qtum-qtum","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mining-qtum-qtum","title":{"rendered":"How to mine Qtum (QTUM)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mining-qtum-qtum\/#what_is_qtum\" >What is Qtum?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mining-qtum-qtum\/#how_to_mine_qtum_qtum\" >How to mine Qtum (QTUM)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mining-qtum-qtum\/#how_qtum_staking_works\" >How Qtum Staking works<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mining-qtum-qtum\/#qtum_offline_staking\" >QTUM OFFLINE STAKING<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mining-qtum-qtum\/#how_are_qtum_block_rewards_calculated\" >How are Qtum block rewards calculated?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mining-qtum-qtum\/#which_wallet_to_use_for_qtum_betting\" >Which wallet to use for QTUM betting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/how-to-mining-qtum-qtum\/#how_to_acquire_qtum_tokens\" >How to acquire QTUM tokens<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><h2><span class=\"ez-toc-section\" id=\"what_is_qtum\"><\/span><b>What is Qtum?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Launched in September 2017, Qtum (pronounced Qantum) was developed by Patrick Dai and Jordan Earls.<\/p>\n<p><b>Qtum is a hybrid blockchain platform<\/b>\u00a0that allows its users to develop smart contracts and dApps on a large scale,\u00a0<strong>combining the best<\/strong>\u00a0of two of the world\u2019s largest cryptocurrencies:\u00a0<strong>Ethereum and\u00a0<a href=\"https:\/\/www.bitnovo.com\/\">Bitcoin<\/a>.<\/strong><\/p>\n<p>This Singapore-based blockchain focuses on the decentralized applications (dApps) market and was born to solve many of Ethereum\u2019s scalability issues.<\/p>\n<p><strong>It was the first Proof of Stake (Proof of Stake)<\/strong>\u00a0blockchain network and developed the concept of dual-layer side chain.<\/p>\n<p>The purpose of Qtum is to provide companies with a way to process millions of transactions quickly and efficiently.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_to_mine_qtum_qtum\"><\/span>How to mine Qtum (QTUM)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>QTUM is the token name of the Qtum cryptocurrency.<\/p>\n<p>How it happened with many other digital currencies, when Qtum was launched, in March 2017,\u00a0<strong>its developers organized an ICO<\/strong>\u00a0to raise funds. The operation was a great success as it raised approximately\u00a0<strong>$15.6 million in five days.<\/strong><\/p>\n<p>Its supply is limited to 107,822,406 million coins, which to date have been distributed as follows:<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-1420378365\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_2113473225\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-original size-original lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/qtum-supply.jpg\" sizes=\"(max-width: 700px) 100vw, 700px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/qtum-supply.jpg 700w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/qtum-supply-300x148.jpg 300w\" alt=\"qtum supply Bitnovo\" width=\"700\" height=\"346\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/qtum-supply.jpg 700w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/qtum-supply-300x148.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/qtum-supply.jpg\" data-sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Source:\u00a0<a href=\"https:\/\/blog.qtum.org\/qtum-circulating-supply-updated-791039236da0\">Blog.qtum<\/a><\/p>\n<p>Qtum (QTUM) is\u00a0<strong>based on the Proof of Stake<\/strong>\u00a0(PoS) algorithm.<\/p>\n<p>Therefore, it\u00a0<strong>cannot be mined<\/strong>\u00a0like other traditional coins with GPUs, CPUs or ASICs.<\/p>\n<p><b>The only way to obtain QTUM is through staking.\u00a0<\/b>This means that validators who have a higher staking (or money deposit) in each block validation will improve their chances of earning transaction fees.<\/p>\n<p>Another peculiar feature of\u00a0<strong>Qtum is that it is based on the UTXO model<\/strong>\u00a0(Unspent Transaction Output model), running on the Ethereum virtual machine. It is a secure solution for handling transactions.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_qtum_staking_works\"><\/span><strong>How Qtum Staking works<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-468656357\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_209589655\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C%C3%B3mo-minar-Qtum-QUTUM.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM-300x205.jpg 300w\" alt=\"c\u00f3mo minar Quantum (QTUM)\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>One of the most interesting aspects of Qtum is its modified PoS algorithm. As you probably already know, most cryptocurrencies run on the Proof of Work algorithm and use mining to keep the chain running, secure and growing.<\/p>\n<p>However, Qtum works completely differently because its PoS algorithm is based on the user\u2019s stake (i.e. the amount of that cryptocurrency he owns) and uses this criterion to randomly choose the creator of the next block.<\/p>\n<p><b>The larger the deposit of money in the block (or participation), the higher the probability of validating the block<\/b>\u00a0and then charging transaction fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"qtum_offline_staking\"><\/span><span data-text-color=\"primary\">QTUM OFFLINE STAKING<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Qtum works with Offline Staking:\u00a0<strong>users only delegate addresses (UTXO), but coins remain in their wallets<\/strong>\u00a0and are stored offline. The advantage is that Qtum\u2019s Offline Staking has no custody and users only delegate addresses,\u00a0<strong>keeping full control of their coins and private keys<\/strong>, which greatly improves security.<\/p>\n<p>Address delegation is done through a smart contract transaction from the delegation user\u2019s wallet that identifies the delegator\u2019s address, the Super Staker\u2019s address and the fee the delegator agrees to pay. If the Super Staker accepts this fee, it will begin wagering the delegated address UTXOs.<\/p>\n<p><b>To delegate an address,\u00a0<\/b>you must pay a fee to Superstaker, and you must meet several conditions:<\/p>\n<ul>\n<li aria-level=\"1\">UTXO staking requires 500 network confirmations;<\/li>\n<li aria-level=\"1\">The default minimum bet is at least 100 QTUM; UTXO delegated below this amount will be ignored;<\/li>\n<li aria-level=\"1\">To obtain the most optimal bet, it is recommended to divide the coins among several UTXO at 100-200 QTUM each.<\/li>\n<\/ul>\n<p>If you want to start testing\u00a0<a href=\"https:\/\/github.com\/qtumproject\/documents\/blob\/master\/en\/OfflineStaking.md\">Qtum\u2019s offline staking<\/a>, you will find a complete guide on their website.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"how_are_qtum_block_rewards_calculated\"><\/span><strong>How are Qtum block rewards calculated?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>As far as Qtum block rewards are concerned, validators get more than 4 QTUM, plus transaction fees, plus gas as a reward for each block.<\/p>\n<p>So\u00a0<strong>the block validator gets as rewards more than 4 QTUM<\/strong>\u00a0thus divided:<\/p>\n<ul>\n<li aria-level=\"1\">The reward comes from a new transaction;<\/li>\n<li aria-level=\"1\">By betting your coins, you will get a reward of 0.4 QTUM immediately.<\/li>\n<li aria-level=\"1\">Another 3.6 QTUM will be sent to you after 500 blocks (approximately 17 hours), in 9 continuous blocks, within each block you will get 0.4 QTUM, so in total it will be 4 QTUM.<\/li>\n<li aria-level=\"1\">The coins wagered (UTXO) will be locked for 500 blocks, during this period, they cannot be spent or used for betting.<\/li>\n<\/ul>\n<p>As for the\u00a0<strong>basic requirements for Qtum staking:<\/strong><\/p>\n<ol>\n<li aria-level=\"1\">You have to run a full node of Qtum and stay online, since Qtum does not need any mining machine and any computer can run a full node);<\/li>\n<li aria-level=\"1\">Have QTUM coins in the wallet (fullnode).\u00a0 You can use any amount of QTUM to bet (but with a minimum of 100 tokens). More QTUM means a higher chance to bet.<\/li>\n<\/ol>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"which_wallet_to_use_for_qtum_betting\"><\/span><strong>Which wallet to use for QTUM betting?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-1664092455\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_720030289\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C%C3%B3mo-minar-Qtum-QUTUM1.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM1-300x205.jpg 300w\" alt=\"C\u00f3mo minar Qtum (QTUM)\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM1-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/C\u00f3mo-minar-Qtum-QUTUM1.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Below you will find a list of recommended Qtum wallets:<\/p>\n<p><span data-text-color=\"primary\"><b>Desktop<\/b>:\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/qtumeco.io\/wallet\">QTUM Core<\/a><\/p>\n<p>The Qtum Full node wallet is the official Qtum wallet that comes with a full copy of the blockchain, ready to install on your PC or virtual private server (VPS).<\/p>\n<p>The only drawback is that you have to be online 24 hours a day, 7 days a week and use the wallet only for betting.<\/p>\n<p><span data-text-color=\"primary\"><b>Web wallet<\/b>:\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/qtumwallet.org\/\">QTUM Web Wallet<\/a><\/p>\n<p>Qtum Web Wallet is a non-custodial browser wallet that allows you to store and bet your tokens. Being a platform that does not store users\u2019 private keys, it is important that, before using it, you back up your web wallet.<\/p>\n<p><span data-text-color=\"primary\"><b>Mobile wallet<\/b><\/span><span data-text-color=\"primary\">:<\/span><\/p>\n<p>Atomic Wallet<\/p>\n<p>Edge<\/p>\n<p>Exodus<\/p>\n<p>Guarda Wallet<\/p>\n<p>SWFT<\/p>\n<p>Trust Wallet<\/p>\n<p><span data-text-color=\"primary\"><b>Hardware wallets:\u00a0<\/b><\/span><\/p>\n<p>Ledger<\/p>\n<p>Trezor<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_to_acquire_qtum_tokens\"><\/span><strong>How to acquire QTUM tokens<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Finally, if you still do not have QTUM tokens to bet and want to start earning income through the staking of this crypto, I remind you that you can get your\u00a0<a href=\"https:\/\/www.bitnovo.com\/buy-qtum-online-en\">QTUM tokens on the Bitnovo platform<\/a>\u00a0easily, quickly, safely and cheaply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>What is Qtum? Launched in September 2017, Qtum (pronounced Qantum) was developed by Patrick Dai and Jordan Earls. Qtum is a hybrid blockchain platform\u00a0that allows its users to develop smart contracts and dApps on a large scale,\u00a0combining the best\u00a0of two of the world\u2019s largest cryptocurrencies:\u00a0Ethereum and\u00a0Bitcoin. This Singapore-based blockchain focuses on the decentralized applications (dApps) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-10131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10131"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8100"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}