Sentences with phrase «more hashpower»

As such, the larger the Blockchain, the more hashpower is required to maintain the same level of security.»

That, or he is a brilliant strategian because any attack which involves throwing more hashpower into the network is bound to backfire.

Not exact matches

Nor is it relevant in comparisons to other superior coins like Nano (faster, free, and more scalable than bcash with no miners corrupting things and polluting the environment) which is secure without any network hashpower.

That's more than 3X the current hashpower on the entire network.»

A «51 % attack» could theoretically allow an entity that gained more than 50 % of bitcoin's total network hashpower to double - spend bitcoins, reverse transactions and prevent block confirmations.

For example, this was the case with BIP66, when hashpower indicated they had upgraded when in fact more than 50 % had not.

«As Bitcoin's value rises, the ability for miners to drive difficulty by adding hashpower becomes harder and harder as much more computing is required.»

The good news is that it seems more computing power is joining the bitcoin mining force and the hashpower has also grown in the last three months.

Ethereum is still primarily a GPU - mined asset, so any strong crypto without ASIC mining hardware (Bitcoin, Litecoin / Scrypt, Dash) that relies on proof of work is arguably competing for finite Ethereum hashpower, but ETC represents a much more direct alternative that so far looks very attractive.