ELI5 : How to mine NEO
Many cryptocurrency newbies ask us how to mine NEO.
This is a recurring question, so we decided to write a short post to clarify how to properly obtain NEO cryptocurrency.
Bitcoin Gold: Bitcoin reaches block 491407
Block 491407 has been reached, marking the last checkpoint for the launch of Bitcoin Gold.
Snapshot time! pic.twitter.com/3nt2a1PDQK— Bitcoin Gold (@bitcoingold) October 24, ...
ELI5 What is an Antminer?
Antminers are dedicated cryptocurrency mining machines developed and produced in mainland China by Bitmain.
The original Satoshi Nakamoto Bitcoin client used to mine Bitcoins u...
ELI5 What was Oasis Mining?
Oasis Mining was an initiative by former crew from OALend Coin (OACCOIN).
The core business idea was to raise money via crowdfunding (ICO) in order to produce cryptocurrency mi...
Does cloud mining make financial sense?
Remember the Old West, when naive speculators often bought maps to gold mines hoping for quick riches?
Today, the basic question cowboys used to ask themselves still makes sens...
Should I worry about the Bitcoin halving?
As you probably know, when mining Bitcoin, every block contains a reward reserved for whoever solves it.
The very first blocks, mined by Satoshi Nakamoto himself, paid a 50 BTC...
Proof of Location (PoL) Summary [Cryptocurrency consensus mechanisms]
In a Proof of Location consensus algorithm, users’ geospatial coordinates are accounted for as proof of value. This kind of algorithm is usually employed in cryptocurrency geomining systems. In a geomining application, users earn rewards for being at a certain place at a certain time. If, for example, a company wished to gather participants for […]
Proof of Activity (PoA) Summary [Cryptocurrency consensus mechanisms]
Proof of Activity (PoA) is a cryptocurrency consensus mechanism which combines Proof of Work (PoW) and Proof of State (PoW) into a hybrid mining system. In a PoA system, validators begin by applying a Proof of Work stage to block headers until they find a desirable hash. The block headers are then passed onto a […]
Opinion: Decentralized blockchains can only survive having a valuable token, like Bitcoin, attached to them [Feb 2018]
We’ve heard this time and again, especially from folks in the financial sector: “blockchain is here to stay, Bitcoin not so much”. Is this really so? We disagree, and in this article we discuss the origins of Bitcoin and how the problem it solved only makes sense when there’s a reward for participants to join […]
Proof of Authority (PoA) Summary [Cryptocurrency consensus mechanisms]
Proof of Authority is a consensus mechanism where members of a cryptocurrency network are identified and receive delegated powers to solve blocks. If they defraud the system their identity is at stake and they will either be prosecuted or booted from the network. This is a centralized system where a higher authority delegates mining powers […]
Concepts In This Page
A process or system by which multiple parties are able to reach consensus. In the context of cryptocurrencies, it's the process which allows for everyone to agree on everyone else's money balance. E.g. Bitcoin employs Nakamoto consensus via PoW mining.