Tuesday, November 12, 2019

Mining

“Mining” refers to a way of earning cryptocurrencies. A lot of cryptocurrencies are mined by solving complex algorithms and math problems, and “miners” are rewarded for solving them in tokens. However, it’s unknown how long mining will be considered a sustainable practice for two reasons; first, miner rewards for Bitcoin have dropped 50 percent every year; and, second, bitcoin mining requires the solving of complex math problems, which in turns means a lot of electricity-eating computer computations.

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One week ago Harmony announced that they have implemented social mining. The first-ever DAO on Harmony as they seek bigger decentralization and for a...

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