DePIN Mining
Last updated
Last updated
In the WABA blockchain network, the Data Access Verification Layer (DA Verification Layer) analyzes participant voting information to provide each node with an impact factor ppp_ppp, which directly influences mining efficiency and output. Mining efficiency factor η\etaη reflects the node's processing efficiency after consuming a certain amount of energy, while Annual Percentage Rate (APR) quantifies potential earnings based on current network conditions and WABA token market prices.In the context of "Depin Mining" within the WABA blockchain network, this mechanism further incentivizes Algorithm validators. Each algorithm validator is associated with a DePIN device and, in addition to having voting rights to authorize ICF validators for network governance and receive block rewards, must set a customized electricity consumption target. This target serves as the basis for balancing electricity consumption and obtaining DePIN mining rewards.WABA network adopts different incentive rules for algorithm validators based on local power supply and consumption conditions:
During surplus power supply, algorithm validators are encouraged to increase their electricity consumption.
Conversely, during power shortage, algorithm validators are encouraged to reduce their electricity consumption.
Every 4 hours (referred to as an epoch), the PoW packer collects electricity consumption data from all Algorithm validators and sets electricity balance targets for the next epoch. These targets categorize the electricity supply and consumption situation into three conditions:
When electricity supply and consumption are balanced, with a difference not exceeding 10%, it is labeled as "Balanced Supply".
When the electricity supply exceeds consumption by more than 10%, it is labeled as "Surplus Supply"
When electricity consumption exceeds supply by more than 10%, it is labeled as "Insufficient Supply".
Therefore, its reward under balanced supply conditions:
The reward under surplus supply conditions:
The reward under insufficient supply conditions:
In its long-term planning, the WABA network will encourage Algorithm validators to increase energy storage capabilities. During periods of surplus local generation, decentralized storage facilities will store excess electricity. Conversely, during periods of insufficient local generation, stored energy will be released, forming a virtual grid for power regulation. Algorithm validators coordinating these storage and discharge activities will be rewarded by the WABA network.
The Algorithm validator can modify its custom electricity consumption value every xx (e.g., 180) epochs to adjust according to user electricity demands. Every epoch, the PoW packer aggregates the algorithm validator's electricity consumption for that epoch, verifies the data, and uploads it to the blockchain. Based on the local power supply and consumption conditions, the PoW packer sets the electricity balance target for the algorithm validator for the next epoch. The WABA network rewards Algorithm validators with DePIN mining rewards based on the validator's actual electricity consumption during the current epoch, the electricity balance target for that epoch set by the PoW packer, and the validator's customized electricity consumption target.
Only an algorithm validator with complete DePIN data for one epoch interval can receive DePIN mining rewards. The reward baseline for each algorithm validator per epoch is
Assuming the algorithm validator sets a custom electricity consumption target . The average actual electricity consumption during an epoch .