Mining rewards breakdown
onocoy's mining rewards system is designed to incentivize both the rollout and maintenance of GNSS reference stations (called miners). The reward model includes three components, each based on different performance and network factors:
Breakdown of Miner Rewards
1. Base Reward
Every miner gets a base reward (in ONO) for participating—this is independent of actual usage and encourages early infrastructure deployment.
Components of Base Reward:
Daily ONO Base Reward:
Indicates the maximum amount of ONO a miner can earn within the Base Reward
Initially set to allow ~$1000/year for a fully-functioning miner
Determined by the rewards commission
onocoy checks the quality of the submitted data daily
The quality is based on:
Supported GNSS constellations (e.g., GPS, Galileo, BeiDou, etc.)
Frequency bands supported (e.g., L1, L2, L5, L6)
Measurement metrics (e.g., cycle-slip-free epochs, signal noise)
Availability Scale:
Data uptime and completeness
Must be ≥80% to earn any reward; scaling is quadratic up to 100%
Rewards optimal distribution (not clustered)
Penalties for redundancy over three stations within 15–50 km radius
Rewards sparsely covered areas to encourage useful deployments
Early Mover Boost:
Multiplier (initially 5×) applied to early adopters
Declines over time
2. Usage Reward
This is a bonus based on actual data consumption in a region. It is currently planned for the future and not active yet.
Shared among miners in a region based on:
How often their data is accessed
The improvement their data offers to users (e.g., signal quality)
Encourages regional collaboration: miners benefit more if the region is actively used.
Goal: Encourage miners to not just deploy anywhere, but to find high-impact, high-use locations.
3. Promotional Reward
Additional incentives (temporary) to:
Encourage early adoption
Support targeted network growth
Drive infrastructure upgrades
These are often managed by the rewards commission and can vary over time. This can be a sign-up reward for a new miner (e.g. through a partnership program with ref. station makers), a dedicated incentive for a quick rollout in a certain area, the promotion of ref. stations with certain features (e.g. LEO satellite capabilities), etc.
Reward System Summary:
Base rewards are guaranteed, scaled by quality/availability/location.
Usage rewards are dynamic and depend on real customer use.
All rewards are paid in ONO, which can be traded or converted internally to data credits for consuming data.
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