Starcoin 2.0 trial version has been online for 2 months, and many users have participated in mining. However, some users still have questions about Starcoin 1.0 and 2.0 mining, and we have received a lot of such feedback from you and through admin correspondence.

In this regard, we have prepared an AMA to explain the issues that everyone is concerned about in detail. The following is the main content of this AMA.

Comparison between Starcoin 1.0 and 2.0 Mining

First, we can see the differences between Starcoin 1.0 and 2.0 in the table below:

(Note: The table with detailed comparisons is assumed to be provided separately.)

Frequently Asked Questions

Q1: Can you participate in mining on the Starcoin 1.0 network now?
Yes. On March 8 this year, the main network resumed mining. You can participate in mining normally through the stc miner-box and receive rewards from generating new blocks.

Q2: How to get Starcoin 1.0 network mining income from the mining pool?
Mining rewards are distributed to the mining pool address by default. Since the main network has not yet resumed on-chain transactions, the miners’ income will be stored in the mining pool during this period. Please wait for the resumption of on-chain transactions to withdraw.

Q3: Does the Starcoin 1.0 mining reward token have market trading value?
The STC tokens received as mining rewards on the Starcoin 1.0 network have market trading value.

Q4: After the Starcoin 2.0 network is officially launched, can the 1.0 network still be used?
Currently, Starcoin 2.0 is in the soft launch stage. The two main networks are running independently without conflict. After the 2.0 main network economic model proposal is passed, the 1.0 main network will be migrated to 2.0 according to the relevant proposal, and the 1.0 main network will no longer be maintained.

Q5: What is the difference between the tokens of Starcoin 1.0 and 2.0 networks?
Currently, tokens on the Starcoin 1.0 network are the official tokens of Starcoin and have market trading value. Starcoin 2.0 is still in the soft launch stage and has not yet passed a specific economic model; therefore, the 2.0 token does not have market value for the time being.

Q6: After the Starcoin 2.0 mainnet upgrade, will the 1.0 network continue to produce tokens? How will the tokens of the 1.0 network be handled?
After the Starcoin 2.0 network upgrade, a new economic model will be proposed. The migration of 1.0 tokens will be addressed in the economic model, including specific mapping and destruction quantities. Once the 2.0 official upgrade is completed, the network will no longer maintain or produce new tokens on the 1.0 network.

Q7: Will the exchange STC also migrate to the 2.0 mainnet?
In principle, yes. However, since the economic model proposal has not yet been announced, the specific plan will be detailed after the proposal is passed.

Q8: How should miners choose a mining network?
It is recommended to mine on the Starcoin 1.0 network at present. The Starcoin 2.0 network is in the soft launch stage and its reward tokens do not have market trading value. Therefore, please choose the Starcoin 1.0 main network until the 2.0 main network is officially upgraded. However, if you wish to experience the excellent performance of the Starcoin 2.0 main network, you are welcome to do so. You can download the client on your computer and start mining with one click. For details, please refer to this tutorial.

Q9: Can hardware mining machines still be used after Starcoin 2.0 is officially launched? Does the 2.0 mainnet use the same algorithm?
After Starcoin 2.0 is officially launched, it is planned to support all current mining machines, and the same algorithm will be used.

Q10: Which mining pools still support Starcoin mining?
It is recommended to use Dxpool or build your own mining pool. For guidance, please refer to the mining pool user guide.