What is forging?
Forging is another word for block generation in the Rise network, with Bitcoin this process is called mining.
Who can forge?
Everyone can enable forging, but only the 101 active delegates will actually forge and earn rewards.
How can I enable forging as a delegate?
There are two methods to enable forging.
You can login to the client user interface and enable forging by hand. The problem with this method is, that if your client restarts (due to an error or server update) forging will need to be enabled again.
For optimum productivity, it is recommended to run your own node and insert your passphrase into the config.json file. Best to do this before you become an active delegate. Upon starting the Rise client, forging will be automatically enabled for all accounts for which passphrases are specified in the config.json. Which means after restarting your client, forging will continue without interruption.
Do I have to update to the latest version if I want to forge?
With each update we will specify if delegates need to update or not. If new features involve backend changes, you will likely have to update.
What are the recommended server specifications for forging?
The most important factor is your internet connection latency. One other important factor is memory; we currently recommend at least 2GB memory as an active delegate. This ensures a secure and stable network and it is recommended to use a hosted VPS provider with a 99.9% uptime.
How much can I earn by forging and how are the fees distributed?
In addition to the forging reward earned for every block your delegate generates, your delegate will also earn an equal share of all regular transaction fees occurring on the network.
The total share of regular transaction fees, is dependent on the volume of transactions occurring on the network for a given round.
The forging rewards occur at a fixed rate per block, currently 15 RISE per block.
Does it make a difference how many RISE my delegate account holds?
No, it doesn’t. An active delegate with 100 RISE receives the same amount of RISE from forging as an active delegate with 1,000,000 RISE. It is also not recommened to keep large amounts of RISE on your forging delegate or to use the account for voting. It’s recommended to use a seperate wallet for holding your funds and for voting.