ACADEMY
Useful Proof of Work (UPoW): The Future of Mining
What is Useful Proof of Work?
Useful Proof of Work (UPoW) is a revolutionary approach where miners perform meaningful computations instead of solving wasteful cryptographic puzzles. In Qubic, these computations are directed toward creating and training artificial intelligence (AI) models, contributing to the development of Artificial General Intelligence (AGI).
Why Is UPoW Different?
Traditional Proof of Work (PoW): Wastes energy on solving cryptographic puzzles that serve no purpose beyond securing the blockchain.
Qubic’s Useful Proof of Work (UPoW): Channels computational power into tasks that directly advance AI development, eliminating unnecessary energy consumption.
Analogy: Traditional PoW vs. UPoW
Imagine traditional Proof of Work as a hamster running endlessly on a wheel—it expends energy but produces nothing valuable.
In contrast, UPoW is like using that same energy to power a water pump, providing clean water to an entire village. The energy is productive and benefits everyone.
How Does UPoW Work in Qubic?
Miners dedicate computational power to solve AI-related tasks.
Computors validate computations to ensure they meet the network’s criteria.
Miners receive QUBIC rewards based on their contributions.
🚨 Important: The Qubic network does not reward miners directly. Instead, miners enter into agreements with Computors to receive a share of their rewards.
Benefits of UPoW
Purposeful Work: Every computation contributes to AI development.
Energy Efficiency: By focusing on meaningful tasks, UPoW reduces wasted energy.
Accessibility: Miners can participate using CPUs and mid-tier hardware, making mining more inclusive.