See Also
ELI5 How AVAX validation works [Avalanche Protocol]
According to the Avalanche AVAX token distribution policy, almost 50% of all AVAX in existence will go towards validator rewards (see chart at the top). Since the Avalanche protocol burns all fees, the only source of inflation in the AVAX ecosystem is the validation reward. This presents a great opportunity for those who join the […]
Who is Genesis Mining?
Genesis Mining is a cryptocurrency mining company founded in 2013. The company runs the Enigma mining farm in Iceland (since 2014) and the Thor mining farm in Sweden (since 2018). The business model is to sell hash rate by the TeraHash unit. Since March 2020, Genesis is no longer onboarding new customers. Only existing customers […]
ELI5 What is cryptocurrency mining?
Mining is the process by which cryptocurrency transactions get verified. The process got its name from the fact that once a block is verified, whoever solved it will earns some coins as a reward, a little like gold mining – there’s a reward for the work. Early Bitcoin Mining When Bitcoin was launched, the idea […]
ELI5: Why can’t Bitcoin miners use regular computers?
This is a frequently asked, but still very relevant, question in the world of cryptocurrencies. There seems to be a permanent, and very heated, debate involving the future of Bitcoin and one way or another, the discussion always turns to “Satoshi’s original vision”. What was his original vision? Is it the Bitcoin we use today? […]