What Mining Algorithm Does BCH Use (BCK Mining)
What mining algorithm does BCH use According to official information from BCH, B
What mining algorithm does BCH use According to official information from BCH, Bitcoin Cash uses what mining algorithm
The mining mechanism used in Bitcoin includes proof-of-work, proof-of-stake, and hash rate. This method is adopted to achieve higher efficiency and security than other cryptocurrencies (because there are more computing devices). Since both of these technologies belong to the PoW mechanism, it requires more complex work to mine new coins or digital assets.
Specifically, the Bitcoin blockchain uses the SHA-256 algorithm instead of BTC-ASICs and chooses SHA-256+POW for mining.
BCK Mining
According to official sources, Bitcoin Cash (BCH) mining has entered the countdown phase. According to a report from CoinDesk on April 11th, the BitcoinABC team has increased the BCH hash power to over 1 PB/S and successfully completed its first public test. It is reported that in this event, Bitmain also donated 5 million BCHSV tokens to the community to support the development of this plan. In addition, Roger Ver, the founder of Btc.com, has revealed his participation in the recruitment of “super nodes”. “Novice users can register and log in using the BCH wallet.”
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