Personal Update and Explaining why Hive has no mining
I'm replacing my old PC with a new one this week, for this reason I temporarily disabled my Witness as I had to remove the HDD from my 10 years old PC(the one I use to sign blocks) to install in the new one.
One of my colegues asked me if with a better PC I'm going to mine more blocks for my crypto wallets. had to explain him what is PoW, DPoS and why this have no influence in my capabilities in a DPoS environment as it relies on community support for signing blocks and not wasting several terawatts of energy to guess a number every 5 to 15 minutes.
Some Bitcoin fans might not like my hostile opinion towards their favorite crypto, but that's because they still compare Bitcoin to the previous fiat model and not with all improved versions of blockchain technology. Bitcoin has it's place as a pioneer in said technology, but it's time for we to retire it and replace with a better crypto, like Hive.
If you have a spare vote...
Vote for me as your Hive Witness
If you want to support Brazilian creators...
Hive is the future.
I was wondering why your witnesses were down.
I was just taking a friend through the whole concept of hive after setting her up with an account. It is really not an easy thing to wrap you head around as a newcomer. People by default think mining requires excessive computing power...
Mining indeed requires excessive computing power. That's the reason why we don't mine here. We just sign the blocks we were elected to sign.
BTW. To whomever still didn't cast one of their 30 to me:
For a better Hive Blockchain
But it's still mining right? The consensus mechanism shouldn't matter when in the end there are coins (i.e., HP) mined.
Actually the coins are a reward for signing the block.
You "mine" the block, not the coins as you need to guess a number between 0 and infinite to have a block signature that starts with a bunch of zeroes. Then you get the coins as a reward for mining the block.
There was a time our blockchain used to have mining too, but it was abolished long ago even before Hive fork took place.
Only a very small percentage of produced Hive goes to block producers, Most go to content creators.
What I’ve seen, the term is used for both mechanisms. But whatever terminology one decides to use is fine by me :)