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Alright, I'll bite. Why did the attacker mine primecoin (rather than bitcoin, or any of a dozen other cryptocurrencies)?
by brownbat 13y ago
Alright, I'll bite. Why did the attacker mine primecoin (rather than bitcoin, or any of a dozen other cryptocurrencies)?
- timpattinson 13y agoBecause primecoin is easier to mine because of the difficulty rate
- vbuterin 13y agoMore precisely, Bitcoin mining is dominated by specialized hardware (ASICs), so non-specialized computers have almost zero impact or revenue potential in the Bitcoin network. Litecoin and Primecoin are less ASIC-friendly, so ordinary computers stand a better chance at actually finding a block because they don't have the massively overpowered competition.
- brownbat 13y agoI guess the better question is why not Litecoin. Or if you're going for something really obscure, why not Junkcoin? I guess PrimeCoin is in 6th in capitalization... maybe it's in that sweet spot of not overly competitive but still capable of retaining some value: http://coinmarketcap.com/ http://coinmarketcap.com/