QIE mining pools are now available on QI blockchain, a decentralised POW (Proof of work) blockchain
QI Blockchain provides 2 QIE, the native coins, to miners for every block mined. And the computational power required to mine on the QI blockchain is considerably lower compared to Bitcoin. As a result, users don’t necessarily have to set up huge and loud mining rigs or invest in extensive hardware or software to mine blocks, thus reducing the initial investment and encouraging maximum participation. This difficulty of QI Blockchain will also increase and as per Genesis file the mining reward per block will go as low as 0.02 QIE over time.
QI Blockchain follows the Proof of Work (PoW) consensus mechanism, a method where individual users solve complex mathematical equations to mine cryptocurrency using power-intensive apparatus. Many of the recent blockchains rely on Proof of Stake (PoS), another consensus mechanism where the community’s participation matters and helps the blockchain...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...