Tag: bitcoin

Website Cryptocurrency Mining

Thoughts on Decentralization

The JSEcoin system is currently fully centralized. We run a series of servers behind a load balancer. The Bitcoin network is decentralized meaning that there is no central authority or point of access. Anyone can run a node/server and this will connect to all the other nodes in a p2p network. Control over the system…
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November 11, 2017 0

The Future Of Cryptocurrency Mining

Did you know that 6 US households can be powered for 1 day by the electricity consumed for a single transaction on the bitcoin network! The entire network consumes the same amount of electricity as 1,500,000 households and the consumption of miners is growing at around 1TW/hr per month. This is caused by the competitive…
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September 2, 2017 0