Genesis decided to scale ether mining after the spectacular growth of the cryptocurrency that began under 1 USD (0.005 BTC) and stabilised at approximately 10 USD (0.02 BTC) leaving
other altcoins far behind and becoming second only to bitcoin by the market cap.
Not exact matches
These are the differences that make
altcoin mining
far more favorable on a GPU, as for
others they use CPU processing.
Ripple led the retreat — which was
far from comprehensive — but several
other major
altcoins posted significant pullbacks as well.
All is just not well within the cryptocurrency markets as the prices of Bitcoin and
other Altcoins continue to plunge
further.
Some even go so
far as to consider the rebranding insulting or even a «social attack» on the new cryptocurrency, solely intended to «degrade» it to an
altcoin like any
other.
Further, unlike many
other altcoins that followed bitcoin's use of the SHA256 algorithm for proof - of - work, Zcash (ZEC) relies on an algorithm called Equihash.
Read
further to understand how Stellar is gaining big while outperforming
other top 10
altcoins.
He
further explains that bitcoin will be the only cryptocurrency used in this experimental regulatory phase and a successful implementation will help ensure the roping - in of
other altcoins.
This
further exacerbates the situation that Ripple and
other altcoins are experiencing recently, with many strong performers such as ADA, XEM, TRX, and a few
others showing the first real pullbacks in weeks.
In the coming weeks, it is expected that
other exchanges in the U.S will delist a lot of low liquidity
altcoins which will
further reduce the already crashing total market cap.
It is has been a good few months for Bitcoin and
other altcoins so
far, but it is hard to predict whether the cryptocurrencies will sustain their bullish form in the long run.
However, it's
far from the only peer - to - peer cryptocurrency out there, and BCH will face fierce competition from bitcoin and several
other altcoins in 2018 and beyond.
Other Altcoins Market Today Today's best performer so
far is Nexus.
Other Altcoins Market Today Today's best performer so
far is Iconomi, a digital asset management platform.
Overall, the market is gaining bearish momentum and if bitcoin price settles below USD 8,000 today, there could be
further slides in BTC, ETH, BCH, XRP and
other altcoins.
Other Altcoins Market Today Today's best performer so
far is Waltonchain, the internet - of - things blockchain project.