Topic: How to mine IOTA (Read 1032 times)
Sorry, but I am still not quite getting this. So all coins are in existance. Sop we still have POS. So we can set up an online active wallet on our PC, which is a master node and we get coins for this. So what are we actually doing here?
that sounds pretty cool.
We never know what will happen with the massive electricity which bitcoin miners consume. Maybe some goverments will put a law, sanction what ever on the mining process to cut the electricity waste.
Than IOTA would be the green coin.
We never know what will happen with the massive electricity which bitcoin miners consume. Maybe some goverments will put a law, sanction what ever on the mining process to cut the electricity waste.
Than IOTA would be the green coin.
Then the PoS algorithm (proof-of-stake) can be called such a "green" nonvolatile one. We need only any computer with Internet access, on which a synchronized wallet will be launched - this is called the masternode. You earn new coins by confirming transactions on the network.
There can be of course both PoW/PoS or as IOTA own unique PoW.
So, i can just install wallet on all my Windows based rigs and i can get some coins from network this way?
So if we transfer iota to another wallet, we will act as the miners. Is my understanding correct? If yes, do we get rewarded for each transaction?
Is there any incentive to offer capacity?
I didn't understand the question. So can't recommend. If there is a desire and a certain amount of free money you can try. But first read the main thread about IOTA https://bitcointalksearch.org/topic/iota-1216479 There are have problems not solved in 2015.
Is there any incentive to offer capacity?
that sounds pretty cool.
We never know what will happen with the massive electricity which bitcoin miners consume. Maybe some goverments will put a law, sanction what ever on the mining process to cut the electricity waste.
Than IOTA would be the green coin.
We never know what will happen with the massive electricity which bitcoin miners consume. Maybe some goverments will put a law, sanction what ever on the mining process to cut the electricity waste.
Than IOTA would be the green coin.
Then the PoS algorithm (proof-of-stake) can be called such a "green" nonvolatile one. We need only any computer with Internet access, on which a synchronized wallet will be launched - this is called the masternode. You earn new coins by confirming transactions on the network.
There can be of course both PoW/PoS or as IOTA own unique PoW.
that sounds pretty cool.
We never know what will happen with the massive electricity which bitcoin miners consume. Maybe some goverments will put a law, sanction what ever on the mining process to cut the electricity waste.
Than IOTA would be the green coin.
We never know what will happen with the massive electricity which bitcoin miners consume. Maybe some goverments will put a law, sanction what ever on the mining process to cut the electricity waste.
Than IOTA would be the green coin.
ok,
i just read something at reddit regrding IOTA:
If you want to do a transaction you have to process two other transaction. That means every sender will be a little miner.
Please correct me if i am wrong.
i just read something at reddit regrding IOTA:
If you want to do a transaction you have to process two other transaction. That means every sender will be a little miner.
Please correct me if i am wrong.
You can buy IOTA on the exchange - so they will appear in your wallet. But to transfer them to another purse, you will need to do the work - serve the other two transactions.
In principle, then you can call yourself a miner/masternode/server.
ok,
i just read something at reddit regrding IOTA:
If you want to do a transaction you have to process two other transaction. That means every sender will be a little miner.
Please correct me if i am wrong.
i just read something at reddit regrding IOTA:
If you want to do a transaction you have to process two other transaction. That means every sender will be a little miner.
Please correct me if i am wrong.
It's not mineable, all the IOTA is in existence now.
Hi
i am just wondering if its possible to mine IOTA coins.
And if it is profitable regarding the missing fees.
thanks
i am just wondering if its possible to mine IOTA coins.
And if it is profitable regarding the missing fees.
thanks
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