Sentences with phrase «low number of miners»

Not exact matches

The concern that the network hashrate will become too low is based on several assumptions and variables, including the number of daily transactions, the willingness of the users to wait for confirmations, the willingness of the users to pay small amounts, the behavior of the miners, the fee policies set by various wallets, the emergent consensus on acceptable fees by the mining community, and other factors, including what actually is «too low» of a network hashrate in the first place.

«The actual figure is likely worse, given that a large number of transactions are exchanges and miners moving bitcoins around and other low - value «dust» transactions,» said Matthew Green, a cryptography expert at Johns Hopkins University.

As a result, transaction fees are low and miners can generate a larger number of coins.

One of the most common, possibly - negative effects of the halving discussed in the past has been the idea that the network hashrate will decline as a result of the lower number of bitcoins released to miners on a regular schedule.