TIM is a high bandwidth peer to peer blockchain with guaranteed double spending protection. We recently released the complete details of technical architecture and some of the truly futuristic elements. The platform is designed based on geolocation. The geolocation is used for various purposes in a novel way to create uniform load balancing for dynamic sharding, among many things. We also secured the patents for novel design. The future readiness is truly very important for saving the community from minor changes.

TIM platform is mined in each of the graph shards as well as the top layer consensus blockchain. The miners would need to stake 50* TIMs for graph mining and 100 TIMs for blockchain’s consensus layer. The mining is memory intensive for graph miners and network intensive for consensus layer. A new block is mined every 5 seconds. There will be approximately 6.3 Million ( 6,307,200)blocks generated in an year. Each graph miner earns 0.01 TIMs for winning the graph consensus. Based on this information we provide a sample calculation of ROI for mining assuming each case for a year.

The default state has 2 graphs. If 100 nodes mine this a year, each of them would receive 1300 TIMs(in normal conditions). During this the average bandwidth will be 100 Tx/s. As the demand for bandwidth increases, the graph forks into more parts. And accordingly the bandwidth increases more than proportional due to reduction of latency. Considering a 20% efficiency due to 50% reduction in reflection distance for each hop of nodes, the bandwidth increases to 300 Tx/s. The average ROI of miners increases to 1444 TIMs per year. The increase of ROI is attributed to increase in geographical density of transactions.

The overall scenario is shown in this chart.

Mining Reward (per year estimation)

The above return is without the consideration of mining fees. We present an estimation of mining ROI from transaction fees. For the same, we assume that average transaction fee will be 1/10⁸ th of a TIM.

ROI for graph miners from mining fees

It is very evident that the ROI of fees surpasses the reward once the network has 200+ graphs and bandwidth of 200K tx/s.

What it takes to mine?

Stake: 50* TIM for graphs, 100 TIM for blockchain consensus layer

*May change in future based on network stability

Hardware: 8 GB Ram, 4 Core PC or Mobile

Power consumption: Upto 2KWH per day

Assumptions

We have estimated a complex and multi-parameter model from a cetius-paribus point of view. And this is very approximate presentation. But at the same time, we can see that the increased transaction capacity needs graph miners. And the value of blockchain transaction has already been demonstrated in last few years. More and more business models are trying to disrupt the classical versions. And the startups are going to bring new services to the world. For such startups, TIM will be like cloud(for SAAS).

Join us in telegram group for any questions: https://t.me/timcommunity

Read whitepaper: http://www.talking.im/assets/collat/tim.pdf

Site: https://www.talking.im