Ticketcoin is the first ever coin to debut a new form of PoW and PoS mining named Lottery Mining. You can mine as normal and get the standard reward of 250 TKT. Or you can mine using the new lottomining mode. With lottomining you have a 1 in 50 chance of finding a valid block then you will be rewarded with a 100 times multiplier being applied to your reward for a block. For PoW it is the same as a 25,000 TKT reward or for PoS it would be 500% interest. There is a risk to doing this though. You have a 1 in 50 chance of it being invalid! So you must decide if you want to take the risk or not.
The technical details for how lottomining works is as so. In the reward code it runs the current block through a random number generator. If the random number matches then you get the extra reward. If the random number doesn’t match though then the reward should be normal. Since the transaction for receiving rewards is set to 25000 TKT it won’t be valid. And changing the transaction will change the block hash. Pools are recommended to try creating a lottomining pool seperate from their normal pool so that prospective miners can try winning the lottery! Lottomining also applies to PoS to yield higher interest at the risk of finding less blocks and thus less TKT.
To use lottomining, just place lottomining=1 in your .conf file.
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