Sentences with phrase «add costs to miners»

Soft forks that do not degrade the security properties of Bitcoin, that do not take away from any currently used features, do not add costs to miners, and are preferred by some, would result in profit - maximizing miners choosing to serve a wider audience by enforcing the soft fork.

Not exact matches

Iceland has long played home to an ecosystem of bitcoin miners, thanks to the country's access to abundant sources of geothermal power and Arctic air, the latter of which is key for keeping the power - hungry mining hardware cool without added electricity costs.

Adding a signal to each block mined costs miners nothing (and may even earn them extra money, if S2X supporters are willing to pay), so it shouldn't be considered a reliable indicator.