Coins are mined
The mine runs hardware against the TEXITcoin chain and finds blocks.
Split by hash share
Each day's output is divided across all sold hash power, pro rata.
Paid on-chain daily
Your slice is broadcast to your wallet, with a txid you can verify.
Where new TXC comes from
TEXITcoin is a proof-of-work blockchain. New coins are not issued by a company, a treasury, or a sale — they are created by miners solving blocks. mineTXC is one operation mining that chain on behalf of a community of members, and every coin that reaches a miner here was mined, not printed. The protocol itself, its node software and the Omni layer 2 are documented at texitcoin.org/build.
How the mine's daily output is split
Hash power is the unit of ownership here. Members buy hash power in megahashes per second (MH/s), and the mine's coins for a given UTC day are shared out in proportion to it:
your reward = coins mined that day × (your MH/s ÷ total sold MH/s)
That's the whole formula. No tiers, no bonus multipliers on the mining side, no discretionary allocation. The full worked examples — including how rounding and partial days behave — are in how your daily reward is calculated.
Why your reward shrinks over time
Two forces pull on the same number. Coins mined per day depends on the chain's difficulty and the mine's hardware. Your share depends on how much hash power the whole community has bought. When more members join and total sold hash power rises, the same MH/s buys a smaller slice of the same pie. That is expected, it is not a fee, and it is visible in public: the average reward per miner chart shows the decline over the life of the mine, day by day.
The honest read: buying hash power is a bet that TXC's value grows faster than your share of daily output shrinks. Read the risk statement before you decide it does.
What happens if you have no wallet
Rewards are never skipped. If there is no TXC wallet on your account when a run executes, your coins are credited to escrow and held until you add one — then released to you in full. Community-wide escrow totals are published on the daily rewards page.
How to verify all of this
- /rewards — every reward run: coins mined, coins paid, recipients, and the on-chain transaction ids for each batch.
- /statistics — coins mined, blocks, difficulty, sold hash power and average reward per miner, by day, week or month.
- /proof — the money side: every dollar in and out, hashed and anchored.
Want to run the numbers on your own hash power?
Start with the reward formula, then look at what the mine actually produced last month.
Figures on the linked pages update daily from the chain and our payout ledger.