In this episode of FAQ, we will primarily focus on answering questions related to the newly introduced DPoS & PoW.

Q1. Can gas fees be replaced with $ethi?

A: The basic gas fee represents the core cost imposed by Ethereum miners. IERC employs a decentralized record-keeping approach, and the current gas scheme is already optimized. The on-chain basic fee is immutable and cannot be altered. However, we have upcoming plans to enhance the empowerment of platform fees. Please stay tuned for further updates.

Q2. How to operate reasonably without a mining machine despite having DPoS points?

A: For the guide, please visit: https://medium.com/@IERC_Protocol/ierc-protocol-pow-dpos-mining-guide-f87d1b5fd02d

Q3. Can you limit the amount of points used each time?

A: We just had a new update for all DPoS miners; the minimum required DPoS points per mine will then be 1,000.

Q4. Is it possible to transfer DPoS points?

A: Although points currently cannot be transferred, we are considering the implementation of a points delegation feature in the upcoming days, which would enable users to delegate their points to others, fostering collaborative customization of DPoS points consumption strategies. By doing so, users would have the opportunity to collectively enhance their advantage in the game while simultaneously reducing Gas fees.

Q5. Can you perform batch operations instead of single integration operations for mining? It’s too troublesome to point out each time.

A: We are currently planning on introducing a DPoS points delegation feature, which would allow users to delegate their DPoS points to others. This feature would enable collaborative customization of strategies for point consumption, providing users with a competitive edge in the game and reducing Gas fee consumption.

Q6. The total supply of $ethpi is too large. Can we increase the destruction mechanism?

A: To maintain the inscription’s rarity, we intend to propose a governance initiative to adjust the total inscription supply. If the predefined supply cap is reached, we may consider destroying all unmined inscriptions, thereby concluding the mining cycle earlier than anticipated. The final determination will be made through a community governance vote.

Burn Mechanism: Merging the principles of DPoS and PoW, we’ve set a ceiling on the maximum reward blocks. Immutable post-deployment, this cap means that when the count of the last empty blocks (LastEmptyBlock) surpasses the maximum reward blocks (MaxRewardBlock), miners are restricted to rewards equivalent to the MaxRewardBlock. Any surplus rewards are automatically diverted to a ‘black hole address’ and subsequently annihilated. For example, with a MaxRewardBlock pegged at 5, should 20 blocks remain unmined, the first successful miner is entitled to rewards for merely 5 blocks (2500 Ticks), leading to the destruction of the remaining 7500 Ticks.

Q7. Can the points be automatically deducted when mining, “Max points” is easy to mislead people into using all the points at once?

A: We just had a new update for all DPoS miners; the minimum required DPoS points per mine will then be 1,000.

Q8. When will the difficulty of mining be increased?

A: Following the process outlined in the whitepaper, we plan to halve the mining rewards every two years.

We just had a new adjustment optimizing the PoW difficulty in the reward program: PoW difficulty weight is decreasing from 10 square “x” to 5 square “x”, narrowing the gap between high and low computational power and offering more opportunities for PoW low-power miners.

Q9. What is the future empowerment of $ethpi?

A: To further enhance the value of the $ethpi, we are aiming strategies in these key areas:

Deflationary Mechanism: Augmenting the inscription’s value further, we employ deflationary strategies in several key areas:

Gas Consumption: Within our ecosystem, the inscription is earmarked as a consumable for Gas, propelling network operations.

Fee Reduction: Looking ahead, the inscription will also facilitate reductions in transaction and service fees, effectively lowering the costs associated with its use. Keep an eye out for more application scenarios.

Ecosystem Recognition: Inscription holders may reap additional benefits, such as eligibility for airdrops or inclusion in whitelists for our high-value ecosystem projects.

Q10. Does the project team have any plans to protect $ethi and mining coins at the current coin price?

A: We hold a deep respect for the dynamics of the market.

Q11. How to determine whether someone is tracking a certain block?

A: We will provide more information to cater to a broader user base and offer a wider range of game strategy demonstrations for users.

Q12. Can DPoS points give more mining shares?

A: We will adjust the point distribution method to provide participants with more DPoS points for their actions.

Q13. Now even M5 cannot understand mining, and most ordinary players cannot participate in pow mining. How to solve this problem

A: Please wait for the announcement regarding the optimization of the mining model.

Q14. Can the official put the above on the agenda? $ethi already has no market, and poor liquidity can easily lead to a death spiral. If the current price is low, then a large number of low-priced chips will also be lost, rebounding by one or two times, and there will be a large number of interval sandwich shipments, which is not conducive to ecological development.

A: We are currently in the process of planning and addressing the related matters.

Q15. The entry-level for PoW is too high, requiring technical skills, and most people are unable to cope with it.

A: We just had a new adjustment optimizing the PoW difficulty in the reward program: PoW difficulty weight is decreasing from 10 square “x” to 5 square “x”, narrowing the gap between high and low computational power and offering more opportunities for PoW low-power miners.

The final decision will be determined by the community through a governance vote.

When considering factors such as total supply reduction or output adjustments, we take into account multiple variables. We will have more optimal contingency plans in place.

Q16. PoW Server level CPU, 40 cores, 12 processes, CPU close to 100%, difficulty 7, most people find it difficult to participate in PoW.

A: We just had a new adjustment optimizing the PoW difficulty in the reward program: PoW difficulty weight is decreasing from 10 square “x” to 5 square “x”, narrowing the gap between high and low computational power and offering more opportunities for PoW low-power miners.

Q17. When will $ethi release the swap?

A: Swapping has always been part of our roadmap, but we need to wait for more stability in various areas before proceeding. Please stay tuned for official announcements regarding this matter.

Q18. Can we open point trading? If DPoS points can be sold directly for money, it would be beneficial for the price of $ethi.

A: DPoS points cannot be transferred, but we are considering whether to add a DPoS points delegation feature. This feature would allow users to delegate their DPoS points to others, enabling collaborative customization of point consumption strategies. This would help users gain a greater advantage in the game and reduce Gas fee consumption.

Q19. Are there any third-party mining cooperatives that can enhance the value of PoW-mined coins, considering their current lack of value and the significant gas costs associated with them?

A: Currently, as long as the strategy is correct, $ethpi can yield substantial profits in the secondary market.

Q20. The mining difficulty of M9 is too high for ordinary people to participate

A: Understood. Please wait for the announcement regarding the optimization of the mining model.

Q21.The large total supply and long cycle of $ethi have resulted in a lack of a fair valuation reference.

A: To preserve the rarity of this inscription, we plan to initiate a governance proposal aimed at adjusting the total inscription supply. Once the predefined supply cap is reached, we reserve the right to prematurely destroy all unmined inscriptions, effectively ending the mining cycle ahead of schedule. The final decision will be determined by the community through a governance vote.

Q22. Each time a block is released, participants in the competition have to pay gas fees. When there are ten thousand participants, the cumulative gas burned amounts to 10,000u, which the coin price cannot sustain. It would greatly improve the situation if the official could find a way to link the gas requirement to the participants’ average score, reducing the gas fee to be paid only once per block.

A: Understandable. Please stay tuned for the official announcement regarding the optimization of the mining model.

To be continued…

For more about IERC20 at:

Official website: www.ierc20.com

Twitter: @EthinscXYZ

Official Telegram: t.me/IERC20OFFICIAL

Ecosystem report: https://gamma.app/public/IERC20-Protocol-Ecosystem-Report-l1xiy48dvhhc37k