We figured out a new way to generate interest payments to reward our users through what we call “Enhanced Proof of Work” using the ProgPoW algorithm.
Every time a miner solves a block in the Bitcoin Interest network, they are rewarded 13.5 BCI coins while an additional 3.24 BCI is generated from the block and sent to the “Interest Pool.” Once the active Weekly or Monthly interest round has finished, the Interest Pool is distributed evenly to all of the users participating in the current interest round.
If 5000 blocks were solved last month, then the Interest Pool would contain 16200 BCI coins that would be distributed to the participating users at the end of the Monthly interest cycle.
Miners are rewarded for stabilizing the network while users are rewarded for creating a less volatile market by saving their coins. It’s a win, win situation for everyone.