IoT stands for Internet of Things – a concept where large numbers of small devices are connected to the internet in order to exchange information.
One publication found under IoT
ELI5: Cryptocurrency Micro Mining
Micro mining is a cryptocurrency mining modality where large quantities of small, and low computing power, devices perform the mining work.
The idea stemmed from concepts relat...
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? […]
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: What was Honeyminer?
Honeyminer was an automatic multiple coin mining program that pays users to use their spare computing power. Honeyminer leveraged a variation of the concept of micro mining, where participants who do not wish to invest in a dedicated mining setup contribute tiny amounts of mining power against a proportional reward. In October 2021 the company […]
Concepts In This Page
IoT stands for Internet of Things - a concept where large numbers of small devices are connected to the internet in order to exchange information.
IoTW is a Proof of Assignment (PoA) based blockchain aimed at IoT solutions
Micro Mining is a kind of cryptocurrency mining where network participants each contribute a tiny amount of work into the mining process, receiving micro rewards against their efforts. Typically used by tiny devices or users which do not wish to invest into a dedicated mining setup (such as mining using CPU spare time).
Mining is the collective and decentralized effort performed by network participants in order to verify cryptocurrency transactions. Participants receive a reward for their work, which serves as an incentive for mining activity.