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RE: 🔎 The Difference between Monero and MoneroV
Why is a growing hashrate bad? Isn't that what a coin strives for?
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Why is a growing hashrate bad? Isn't that what a coin strives for?
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A growing hash rate increases the mining difficulty which makes it less profitable, which is not bad if it happens gradually. But the vast amount of hash power from botnets and script miners lead to a premature rise in mining difficulty making it hard for legitimate miners to compete. Miners who invested in their own hardware should be compensated for their mining efforts and not Hackers who maliciously use other peoples computing power for mining.
What do you have to say about the obvious sarcasm of Charlie Lee when he said "This proves the MoneroV is the real Monero"?
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Hi @kiikoh it was just a harmless joke in a Twitter Conversation and we are able to take a joke 😉 It was not a Twitter post, just a comment.