A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.
Congratulations to the Honeyminer team! We have been working incredibly hard to get the Mac app launched for all our users. Today it's finally happening!
You are going to love this app.
@jashpetty Hello Josh! Are you also an investor in interesting Cryptocurrency projects and business modules?
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what? is there no experienced cryptocurrency person here? Bitcoin mining on consumer hardware has stopped being profitable years ago. Unless you don't pay for electricity. But even then the reward is negligible (I am talking about a maximum of a couple of cents per day). It might be a neat place for somebody to gain experience in Mining, but not much more!
Honeyminer 🍯
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
Pros:Stack sats whilst sleeping.
Cons:Can't sleep all day.
Honeyminer 🍯
Honeyminer 🍯
Honeyminer 🍯
Honeyminer 🍯
Coindex
One of the best crypto projects out there.
Pros:Super simple miner application, been using it on my gaming PC to earn some bitcoin.
Cons:Now I’m buying GPUs like crazy. Addicted to the game.
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ScrapingBee
Best tech support and application development team. Product is regularly updated, tweaked and fine tuned.
Pros:Easiest path to crypto mining and has the best return per hash!
Cons:No cons
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