Cloud Mining is infamous for fraud. In this article, we try to list out some of the well established and trusted cloud mining platforms. The price at which they provide services may vary from one platform to another. These products have established their trust through their performance over time but always be careful when it comes to cloud mining Softwares.
In cloud mining, people pay to borrow hashing power (capability to calculate hash per second ). They can utilize the hashing power to mine cryptocurrencies on their personal computer.
In almost every article related to Ethereum and Bitcoin, you must have come across the term mining pool. In this article, we will focus on the mining pool and the different types of mining pools present in the market.
You sure must have heard of Ethreum. It is the second most popular and valuable cryptocurrency after Bitcoin based on market cap. Ethereum has been around since 2013 and has initiated the blockchain 2.0 revolution by introducing smart contracts. In this article, we will try to understand how Ethereum mining works.
In simple words, BFT lets a decentralized system function normally in an adverse situation when there is a malicious user in the system, or a fraction of the system fails.
When the majority of users in a system are ethical personals (i.e., people who follow the rules), they can override the malicious work done by non-ethical individuals. So for a system to function normally, at least 51% of users should adhere to the rules set up in the system. This gives rise to consensus, which is the general acceptance of specific rules and regulations.
What is Bitcoin mining and how it works? Also understand why miners are important and the cost of bitcoin mining.