Cryptocurrency Q&A
What is a major problem with proof of work?
What is a major problem with proof of work?
Nicolo
Wed Dec 04 2024
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7 answers
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The major problem with proof of work is its high energy consumption and computational power requirement, which makes it environmentally unfriendly and inaccessible to those with limited resources.
7 answers
CryptoMystic
Fri Dec 06 2024
The concentration of mining power is a concern.
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EtherWhale
Fri Dec 06 2024
Proof-of-work mining poses certain challenges.
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ZenMind
Fri Dec 06 2024
Miners with substantial financial resources gain an advantage.
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CryptoLord
Thu Dec 05 2024
With its comprehensive suite of offerings, BTCC caters to the needs of various cryptocurrency enthusiasts.
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Caterina
Thu Dec 05 2024
Another issue is the geographical distribution of mining activities.
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