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3232The Emergence of Mining as an Ecosystem
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Sun, 22 Apr 2018 19:00:58 +0000https://www.digit.info/2018/04/22/the-emergence-of-mining-as-an-ecosystem/Read more]]>Cryptocurrency mining was first introduced through Bitcoin’s Proof-of-Work (PoW) algorithm, and has since been adopted by hundreds of other cryptocurrencies. Since its inception, miners have primarily supported platforms based on their profitability, following the coins whose miner returns offer the highest returns on investment. However, profitability’s dominance is gradually being replaced by other incentives, as projects look to garner more support by providing other resources to the propagators of their networks. One of the major shortcomings of most PoW coins and mining clients is the necessity of the miner to sell their block rewards in order to see a profit. Of course,
Cryptocurrency mining was first introduced through Bitcoin’s Proof-of-Work (PoW) algorithm, and has since been adopted by hundreds of other cryptocurrencies. Since its inception, miners have primarily supported platforms based on their profitability, following the coins whose miner returns offer the highest returns on investment. However, profitability’s dominance is gradually being replaced by other incentives, as projects look to garner more support by providing other resources to the propagators of their networks. One of the major shortcomings of most PoW coins and mining clients is the necessity of the miner to sell their block rewards in order to see a profit. Of course,