HIVE is a public blockchain that has been purpose-built to power the next generation of decentralized applications and enterprise workflows. The HIVE blockchain is powered by a native cryptocurrency called HIVEtoken.
HIVEtoken is used to fuel transactions on the HIVE blockchain and to reward users for their contributions to the network.
NOTE: Warning: Hive does not currently offer Ethereum mining. While Hive may offer Ethereum mining in the future, it is not currently available. Any claims of Hive mining Ethereum should be viewed with caution and further research should be conducted before committing to any investment or purchase.
HIVE does not have its own mining operation. However, the HIVE blockchain is secured by a Delegated Proof of Stake (DPoS) consensus mechanism.
Under the DPoS consensus mechanism, block producers are elected by the HIVE community through a voting process. Block producers are then responsible for validating transactions and generating new blocks on the HIVE blockchain.
The HIVE blockchain does not use Ethereum’s mining algorithm, but it is compatible with Ethereum’s decentralized applications (dApps). This means that developers can build dApps on top of the HIVE blockchain that can interact with dApps on Ethereum’s blockchain.
5 Related Question Answers Found
Yes, your PC can mine Ethereum. In fact, mining Ethereum is a great way to generate passive income. However, there are a few things you need to know before you start mining.
The Ethereum network is based on the principle of public-private key cryptography. That is, there is a public key that anyone can use to encrypt a message, and there is a corresponding private key that only the intended recipient can use to decrypt it. In order to send a transaction on the Ethereum network, you need to know the private key associated with the address you’re sending it to.
Yes, the Antminer can mine Ethereum. However, whether or not it is profitable to do so depends on a number of factors. The biggest factor is the price of Ethereum.
Sure, your gaming PC can mine Ethereum. but is it worth it?. Mining cryptocurrency has become a big business, with people investing in expensive mining rigs and spending big bucks on electricity to power them.
It’s no secret that cryptocurrency mining has been one of the biggest drivers of the recent surge in graphics card prices. But can a gaming laptop mine Ethereum? The short answer is yes, but it’s not going to be profitable.
