To mine BETTER, the native smartcoin of the Bettercoin ecosystem, users need to send a certain amount of ETH to a designated mining node. This action activates the smart contract that governs the transactional mining mechanism, which is a process specifically designed for the creation and distribution of BETTER. Here's how it works in detail:

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Mining Process:

1. ETH Transfer to Mining Node: Users initiate the mining process by sending ETH to the specified mining node. The amount sent may vary depending on the mining conditions, but it must meet the required minimum of 0.002 ETH to activate the node and a maximum of 2 ETH

2. Activation of the Node: Upon receiving the ETH, the node is automatically triggered. This orchestrates the mining mechanism automatically.

3. Transactional Mining: The mining mechanism is designed to reward participants with BETTER based on Proof of Transaction (PoT). The node validates and processes the transaction, allowing the user to mine BETTER in exchange for the ETH provided.

 

Share Ownership Scheme:

To further incentivize mining, the Bettercoin ecosystem incorporates a share ownership scheme that multiplies mining returns by a factor of 20. Here's how it works:

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• When users participate in mining, they are not only contributing ETH but also acquiring a share in the BETTER they mine. For each mining session, the node allocates ownership of 80% of BETTER to the user.

• Through the share ownership scheme, a user's mining output is multiplied 20 times, meaning they receive 20 times the BETTER compared to a standard purchase transaction. This multiplication significantly increases the user's return of benefits enhancing mining experience .

 

The share ownership scheme is a critical component of the mining strategy, allowing users to maximize their BETTER earnings by amplifying their share in the mining process through this multiplication factor.

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This mechanism encourages active participation in the Bettercoin ecosystem while providing users with significant rewards for their ETH contributions to the development of Smart Money, benefiting all of society.