Sentences with phrase «of hashpower»

AntPool claims to be the largest cryptocurrency cloud mining company in the world, controlling 17.82 percent of the hashpower of the Bitcoin network.

If the altcoin has 5 % of the hashpower of Bitcoin, then in order to attack the chain via a double - spend at least 5 % of the Bitcoin network's power would need to temporarily redirect itself to mining on the altcoin.

SHA256 miners have little practical choice of hashpower destination, and if they do mine blocks they're being paid in a currency with 10 minute block times.

SHA256 miners have little practical choice of hashpower destination, and if they do mine blocks, they're being paid in a currency with 10 minute block times.»

First is that the 8 MB block size raises the threshold of the hardware needed to mine Bitcoin Cash, resulting in just a few miners having the majority of the hashpower.

Shortly afterward the profitability of mining the coin skyrocketed, attracting a never before seen level of hashpower.

However, if Bitcoin were to fork off into Bitcoin and Bitcoin Unlimited, the loss of a large amount of hashpower could still be detrimental to Bitcoin.

For the soft fork to be activated in Bitcoin Core, it requires at least 95 percent of hashpower from miners to active it.

Those who did their due diligence to understand the dynamics of hashpower switching between BTC and BCH were able to 2x, 3x, or even 4x their holdings.

Among the promising proposals, he mentions a three month grace period after 95 % of hashpower voted yes, and 75 % coin - age voting.

A big concern for the developers of Bitcoin Cash was the lack of hashpower that would switch to the other chain.

As Vitalik Buterin, co-founder of Ethereum, notes, «Thousands of hours of research, and billions of dollars of hashpower, have been spent for the sole purpose of attempting to achieve decentralization, and to protect and improve it.»

At the moment there is 2 exahash worth of hashpower pointed at the BCH chain and it's 1.5 percent more profitable to mine.

Here the hard fork does not require a majority of hashpower to be enforced, and this is the biggest reason why this looks so appealing.

He added that if the hashrate between the two chains were to split 60/40, Factom could anchor on both chains and still get 100 percent of the hashpower.