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Topic: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴 - page 42. (Read 9855 times)

haihoang08
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Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:42:19 AM
#638
Quote from: haihoang08 on January 14, 2019, 06:46:13 AM
Quote from: haihoang08 on January 10, 2019, 06:43:30 PM
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ZackNet1997
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Activity: 186
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:34:17 AM
#637
#Proof of Authentication

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Christ_bit
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Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:33:34 AM
#636
What about choosing mining hardware??
Choco_boy
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:31:11 AM
#635
In this day and age, those mining with low-powered setups are unlikely to win, but it’s still a viable past-time for hobbyists and enthusiasts alike. Shocked Shocked
Whyknow78
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:30:17 AM
#634
The catch is that mining on major public blockchains tends to require more and more power over time, as more people invest in more powerful hardware. Simple as that../
Croosss123
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:29:22 AM
#633
One of the interesting things about open blockchains is that, in theory, anyone can set their computers to focus on these cryptographic puzzles as a way to win rewards. Angry Grin
Christ_bit
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:27:21 AM
#632
Miners set computers loose to solve cryptographic puzzles in an attempt to win ether, and they need to try a huge number of computational problems until one unlocks a new batch of the asset.
Croosss123
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:25:02 AM
#631
The network would not come to consensus about the ‘state’ of the notebook (say, if a note is added or deleted) without the computational power to process the changes.  Grin Grin
Whyknow78
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:24:04 AM
#630
To recap, mining is the glue that holds ethereum’s ‘decentralized app store’ together by ensuring that it comes to consensus on each change to any of the applications (dapps) running on the network.
Choco_boy
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:23:08 AM
#629
Now that we know How Ethereum Mining Works, we may want to know how to compete in the race to mine ether our self.
Christ_bit
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:21:54 AM
#628
Now, how we can mine ethereum?
Whyknow78
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:20:01 AM
#627
If and when that algorithm is rolled out, proof-of-stake could be a means for achieving distributed consensus that uses fewer resources.  Grin
Great0666
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Activity: 196
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Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:17:30 AM
#626
#Proof Authentification
Bitcointalk Username: Great0666
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Facebook campaign: https://www.facebook.com/profile.php?id=100024331972246

Telegram: @Great0303
analiyalora
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Activity: 392
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Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:06:40 AM
#625
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icimi
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Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:04:18 AM
#624
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Christ_bit
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Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:01:21 AM
#623
Developers plan to ditch proof-of-work, the algorithm that the network currently uses to determine which transactions are valid and protect it from tampering, in favor of proof of stake, where the network is secured by the owners of tokens.  Grin
Choco_boy
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 11:00:23 AM
#622
BUT:

Ethereum might not need miners forever, though.
Croosss123
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 10:59:46 AM
#621
Furthermore, since ethereum aims to transition from proof-of-work mining to ‘proof of stake’ – which we discuss below – buying an ASIC might not be a smart option since it likely won’t prove useful for long.  Cheesy Smiley
Christ_bit
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 10:57:32 AM
#620
In a sense, ethash might have succeeded in that purpose, since dedicated ASICs aren’t available to mine ethereum.
Whyknow78
newbie
Activity: 28
Merit: 0
Re: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴
January 21, 2019, 10:56:20 AM
#619
The specific proof-of-work algorithm that ethereum uses is called ‘ethash’, designed to require more memory to make it harder to mine using expensive ASICs – specialized mining chips that are now the only profitable way of mining bitcoin.


Really cool right?
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