Yes. Private blockchains generally run without miners and consist only of various nodes. However, public blockchains typically need miners in order to incentivize use via some type of reward, create consensus, and encourage ethical behaviors among participants.
Read moreWhy are some cryptocurrencies not mineable?
a) A lots of non mineable coins are heavily premined . They also have inferior initial coin distribution which makes a coin centralized. b) Non-mineable cryptocurrencies have generally much bigger security issues to solve because they are much more centralized in every level comparing them with the mineable coins.
Read moreWhich cryptocurrency Cannot be mined?
If you are looking for the cheapest crypto to mine, Monero and Ravencoin will be a good choice. Monero, for instance, can be mined on CPUs with normal computer hardware resources. Nevertheless, Bitcoin and Ethereum should be your top choice if looking for the most profitable cryptocurrencies to mine.
Read moreWhat crypto tokens are mineable?
Top Mineable Coins (By Market Cap) #NameAlgorithm1Bitcoin (BTC)SHA-256d2Ethereum (ETH)Ethash3Dogecoin (DOGE)Scrypt4Litecoin (LTC)ScryptTop Mineable Coins (By Market Cap) | ADVFN www.advfn.com › cryptocurrency › coins › mineable
Read moreDo tokens need to be mined?
Bitcoin, Litecoin, and other altcoins require the process of mining to meet the demand .
Read moreWhat is token mining?
Mining is a metaphor for introducing new bitcoins into the system because it requires (computational) work just as mining for gold or silver requires (physical) effort. Of course, the tokens that miners find are virtual and exist only within the digital ledger of the Bitcoin blockchain.
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