Sentences with phrase «lower mining difficulty»

In other words, chains that are more profitable with lower mining difficulty will inevitably attract miners.

Its larger block size and lower mining difficulty allow more transactions to be processed per second.

Initially, a low mining difficulty indicates that a cryptocurrency is easy to mine, which means that it is easier to increase the supply of that cryptocurrency, which would place a down pressure on its price.

Not exact matches

However, the relatively low difficulty of Litecoin for much of the last year combined with what had been a smaller mining community means that some early miners may hold large concentrations of Litecoin.

Mining on an asteroid is fraught with difficulty due to the space rock's low gravity and the fact that it is hurtling through space.

Most notably perhaps is that with Byzantium the mining difficulty will be significantly lowered.

This would in turn means that the block rewards would be even less valuable, difficulty would needs to be even lower for miners to hop on, and miners would be able to mine the 2016 blocks even faster next time.

Due to a low total hashrate (and long block times), the mining difficulty began to drop making mining easier and inching closer to profitability.

The Bitcoin Cash mining also proved to be unsuccessful: the network has a high level of difficulty, and the miners refuse to deal with Bitcoin Cash due to the low level of compensation they get.

Hopping into the mining queue at first could be profitable as if the difficulty is low, you can grab more coins.