Sentences with phrase «small number of miners»
Finally, there are issues with centralization in Bitcoin, as most of the hashing power in the network is held by a small number of miners, or collaborative mining groups
https://www.coinbureau.com/
The director of communications at Coinbase, David Farmer, in a blog post stated that a «small number of miners may attempt to go forward with a fork.»
«Despite these developments, a small number of miners may attempt to go forward with a fork,» David Farmer, Coinbase's director of communications, wrote in a blog post Friday.
David Farmer has warned that this small number of miners still supporting the Segwit2x proposal could cause a fork.
The director of communications at Coinbase, David Farmer, in a blog post stated that a «small number of miners may attempt to go forward with a fork.»
David Farmer has warned that this small number of miners still supporting the Segwit2x proposal could cause a fork.
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.
Satoshi Nakamoto's idealistic vision of «one CPU one vote» has been superseded by a reality where the manufacture and distribution of mining equipment have become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.
Another 21 % is in materials, with a number of small gold and silver miners making up most of that share.
The Yorkie was bred in the mid 19th century in the north of England, where miners needed a small, sturdy terrier to keep down the number of rats underground.
«Satoshi Nakamoto's idealistic vision of «one CPU one vote» has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.»
Instead of a number of miners competing against one another for one solution, sharding facilitates co-operation, splitting miners into a number of smaller shards to work together to solve a computational problem.
The reason why the controlled switch to the 0.7 fork was even possible was that over 70 % of the Bitcoin network's hash power was controlled by a small number of mining pools and ASIC miners, and so the miners could all be individually contacted and convinced to immediately downgrade.
This «two chains» view is shared by a number of smaller miners as well as developers.