ScPrime$SCP

What is this network?

ScPrime is a decentralized business-grade cloud storage network that uses blockchain smart contracts for security, redundancy, performance, and price. The network is compatible with thousands of apps and tools today, and anyone with an internet connection can become part of the Distributed Datacenter and provide durable, secure, and performant storage capacity. The ScPrime network is smart contract-based, with both the renter and storage provider having to lock-in SCP (ScPrime's native token) to create contracts.

How can I mine tokens?

ScPrime can be efficiently mined with ASIC miners, such as Goldshell HS Lite, HS6-SE. To start mining, you need to register a DxPool account (not a wallet), check your miner, network, and electricity situation, and configure your mining device. Your miner must be connected to the DxPool server for your hashrate and revenue to be recorded and monitored. Once your machines are ready, you can start mining.

How can I optimize my mining rewards?

To optimize your mining rewards, you can use effective mining software options to boost your hashrate and earnings. The ScPrime project is considering a minor change to the consensus algorithm (from generic Blake2b to the Sia implementation of Blake2b) to improve transparency and provide a more fair and permissionless process in creating SCP coins through Proof of Work mining.

How can I use the network?

You can use the ScPrime network as a storage provider. There are two main categories of storage providers: Xa-Miners and DIY Storage Providers. Xa-Miners are robust, reliable, dedicated storage providers that require very little power and are truly plug and play, needing little to no technical knowledge to set up and run. DIY Providers, on the other hand, will need to install, configure, and maintain all aspects of the provider from adding new storage, updating storage settings, and upgrading software to new versions.

Who governs this network?

The ScPrime project team governs the network. They manage the SPF tokens, which have a current supply of 200M and are used for the benefit of the Storage Network and Product. These tokens earn a 10% percent payout from all storage contracts and are held by the project and stakeholders. The team's intention is to give this token more utility in network operations and incentive structures to assist with network development as they gain more customers on the XNS platform.

Funding

The ScPrime project had a developer fee of 10% from block rewards, which was sent to a “burn address” for the last 2 years. However, the project team has announced a hard fork to reclaim these coins and use them to build a more robust distributed storage network and create an environment that can effectively succeed against major players outside of their space.