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Topic: Re: First time/Small miner reference for getting started. (Read 102 times)

copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
What if you do mining on Solana blockchain?
Unlike the tradition coins like Bitcoin, Ethereum, Litecoin that could use the Proof of Work algorithm which required use of ASICs and Graphics cards to mine them. Coins like Solana use the proof of stake algorithm. In this sort of arrangement you are required to stake your Solana coins, to help secure the network and in the process you will earn rewards for staking.

Read here for more details: https://docs.solana.com/staking
legendary
Activity: 1834
Merit: 1131
Guys which crypto is now worth to mine rather than BC? What if you do mining on Solana blockchain?
Solana cannot be mined with hardware, because this coin has a POS algorithm.
The PIC algorithm has double risks of losing money. You must first buy a coin and then launch a masternode or delegate your coins to another masternode.
Double risk arises from staking and a possible decrease in the price of the purchased coin.
legendary
Activity: 2464
Merit: 1710
Electrical engineer. Mining since 2014.
Guys which crypto is now worth to mine rather than BC? What if you do mining on Solana blockchain?

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newbie
Activity: 1
Merit: 0
Guys which crypto is now worth to mine rather than BC? What if you do mining on Solana blockchain?
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