Tags: , , , , , , , , , , ,

51% Attacks, how do they work?

We always hear about 51% Attacks, but how are they performed? Here are some extremely simplified explanations… Using the 51% attack to get all the mining rewards: a) 51Pool finds a block and pockets it. b) OtherPool finds a block […]

Continue Reading

How does a Botnet affect the difficulty?

How does the blocktime work?It is important to understand, that the blocktime is not a fix value for the network. It is only a guideline and therefor optimal value. Catalyst has a blocktime (DIFFICULTY_TARGET) of 60 seconds. This means, that […]

Continue Reading

Basic knowledge of pool mining

What is pool mining? “In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they […]

Continue Reading