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The price is not determined by hashrate, but hashrate is nevertheless an important metric for the market to determine the price. An altcoin that has insufficie
by gridlockd 6y ago
The price is not determined by hashrate, but hashrate is nevertheless an important metric for the market to determine the price.
An altcoin that has insufficient hashrate is highly vulnerable to attacks and if its price were to rise, those attacks would become profitable.
Therefore, you need enough hashrate to make attacks unprofitable right away. A Raspberry Pi is not going to cut it.
- naniwaduni 6y agoThe most easily achievable way for attacks to be unprofitable right away, of course, is for your token to be worthless...