Sentences with phrase «as reward for mining»

The bitcoin system is often described as inexpensive because maintenance costs are not charged to the bitcoin users, but are generated as reward for mining.

Not exact matches

This scheme works differently than that of mining pools, in which members lend the pool hashrate from mining equipment that they actually own in exchange for a share of the tokens that the pool receives as block rewards.

As reward for validating and processing transactions via PoW — also known as mining — users — commonly referred to as miners — are rewarded in ether (ETH), as their computational resources have not only solved a complex algorithmic problem, but contributed towards maintaining the security, integrity, and validity of the networAs reward for validating and processing transactions via PoW — also known as mining — users — commonly referred to as miners — are rewarded in ether (ETH), as their computational resources have not only solved a complex algorithmic problem, but contributed towards maintaining the security, integrity, and validity of the networas mining — users — commonly referred to as miners — are rewarded in ether (ETH), as their computational resources have not only solved a complex algorithmic problem, but contributed towards maintaining the security, integrity, and validity of the networas miners — are rewarded in ether (ETH), as their computational resources have not only solved a complex algorithmic problem, but contributed towards maintaining the security, integrity, and validity of the networas their computational resources have not only solved a complex algorithmic problem, but contributed towards maintaining the security, integrity, and validity of the network.

While Bitcoin mining is a process, which allows GHS (hashing speed of BitFury Chips) owners to receive financial rewards, the most important feature of CEX.IO is Bitcoin trading as well as trading commodities for Bitcoins.

Many customers find that their contracts produce returns for the first few months or so, but as the difficulty of mining the cryptocurrency goes up their hashrate earns less and less rewards.

This portion of the Ethereum mining algorithm, a technique referred to as GHOST, includes the headers only of recently orphaned blocks in return for a reduced reward to both the block producer and the includer of the (otherwise orphaned) block.

As part of the reward for mining crypto, you receive the actual coin in exchange for the act of transaction validation.

Now on paper the Amex Express looks like the better value for a few reasons but when I compared flights with a friend of mine as an example witht the same dates and airline, a flight using the CIBC rewards program from Toronto to Calgary and back was 48,000 pts (taxes inc) from CIBC rewards and and 71,000 pts from Amex rewards.

It also does a few things differently, such as rewarding the player with money for making good plays and setting obstacles in the outfield, like land mines.

There's a quarry in the game where, as with the resets for fruit collection and animal visitation, rare crafting items become available as rewards in a mining mini-game.

After reading all of this I am sure you might be curious and fascinated about cryptucurrency mining and getting your hands ready for cryptocurrency mining to earn bitcoins as a reward.

Then as the price of bitcoin, and so the value of the reward, increased, people started investing in mining equipment, and began manufacturing chips called ASICs (Application - Specific Integrated Circuits) that were good for nothing except hashing / mining (so take popular comparisons with the world's supercomputers with a pinch of salt).

Getting the miners to agree to run code is the real challenge, as they have invested huge amounts of capital and will not readily agree to change anything which may harm their mining rewards — «The turkeys won't vote for Christmas».

Ether (ETH) is an internal network currency that can be used to pay for platform utilisation as well as to reward contributors for their services (e.g. for turning their computer into a mining computational node or volunteering to validate transactions).

The company revealed last fall that it was devoting tens of millions of dollars to its mining venture, with the aim of building a site for pursuing the energy - intensive process by which new transactions are added to a blockchain and new coins are minted as a reward.

Bitcoin is still more profitable to mine, though, as it is giving roughly 10x the reward (current ratio of bitcoin price to bitcoin cash price is roughly 10:1) for 4x the work.

However, this issue can not be overlooked, as Litecoin miners» concerns are similar to those of Bitcoin miners when Bitcoin underwent its first halving, with the lower block reward affecting the returns on investment for mining rigs.

We promise that all BTC holders will receive, not only B2X in the ratio of 1:1, but also as a reward for your commitment to progress, the proportional number of Bitcoin of Satoshi Nakamoto who mined it in the first year of the network's existence.»

Since the coin can not be mined forever, the difficulty of the problem as well as the reward for solving it will be downgraded over time.

Ether is an internal network currency that can be used to pay for platform utilisation as well as to reward contributors for their services (e.g. for turning their computer into a mining computational node or volunteering to validate transactions).

So, as the block reward decreases and mining difficulty increases, one can only hope that the price of Bitcoin will be high enough to make up for the reward decrease and mining difficulty.

Out of this total supply 170 million BCD, will be entitled to the Bitcoin holders for the long - term Bitcoin support, and the rest 40 million BCD will be automatically transferred into the community rewards pool as tributes and mining.

«For open [blockchains], it has to have mining with cryptocurrencies as a reward for the person creating the block.&raqFor open [blockchains], it has to have mining with cryptocurrencies as a reward for the person creating the block.&raqfor the person creating the block.»

It has been theorized that this can occur for Bitcoin once the mining rewards are gone (after all 21 million coins have been mined), or potentially even sooner as rewards become increasingly smaller and miners are basically only receiving transaction fees.

The combination of blockchain tech and genetic sequencing isn't exactly new, and cryptocurrency projects like genecoin have highlighted how the energy - intensive mining process (by which new transactions are added to a blockchain, with new coins being minted as a reward) can be applied for scientific purposes.

In the end of May, Sweden - based bitcoin mining company KnCMiner declаred bankruptcy, citing the expected reward halving as the main reason for its closure, together with the strength of the competition in the mining space.