Penalty

If a user fails to end their mining operation during the 30-day "end mining period" (61 days after the initial mining start) the user will forfeit their PulseBitcoin Reward and lose half of their ASIC Token(s) used for that specific mining operation.

After a miner has "expired" anyone in the world can run the "Good Accounting" function, which will end a specific expired mining operation. This "clean up" function will remove those ASIC Token(s) from the PulseBitcoin Smart Contract, reward the caller of the good accounting function with half of that ASIC, send the remaining half to the original address that started the mining operation, and burn the PulseBitcoin (PLSB) reward. 

To clarify, 3 things occur when the Good Accounting function is called for an expired miner(s):

• First, 50% of the ASIC Token(s) locked for that specific mining operation will be sent to the address that ran the good accounting function as a bounty reward.

• Second, the remaining 50% of the ASIC Token(s) will be sent back to the address that initially began the mining operation.

• Third, the PulseBitcoin reward that was earned by that miner is then forwarded to the burn address, thus, taking it out of circulation FOREVER, never to be mined again!

Go through the timeline below for more details: