Sentences with phrase «hobbyist miners»

There is still a high volume of hobbyist miners who are still hashing away with its products such as the SP20, SP35 and even the SP10.

Now consider if the entire blockchain network is supported by hobbyist miners using their CPU or GPUs; because the «work» done is relatively lower, it is easier to dedicate resources to an attack to rewrite the blockchain's history and engage in a 51 percent attack.

The rise of ASIC mining rigs not only increased the barrier to market entry for hobbyist miners but also made it much easier for

As an early adopter myself and hobbyist miner, I can confirm that the costs involved have ballooned significantly and therefore affect attitudes on value.

Not exact matches

In the early days of Bitcoin, miners were mainly hobbyists using personal computers to solve relatively simple cryptographic problems.

The target market of Genesis Engineering ranges from hobbyists and small businesses reached by the company's showrooms, co-working spaces and speaker series, to multinational energy companies and large - scale miners reached by the company's consultancy and mining projects.