How does mining helium differ from mining other cryptocurrencies?

1 answers

• Fernando DelgadoMar 17, 2021 · 4 years ago
  Mining helium differs from mining other cryptocurrencies in terms of the underlying technology and the rewards system. Helium mining is based on Proof-of-Coverage, which requires miners to provide wireless network coverage using Helium Hotspots. This is different from the Proof-of-Work or Proof-of-Stake algorithms used by most other cryptocurrencies. Helium miners earn rewards based on the amount of coverage they provide and the data they transmit, rather than solving complex mathematical problems or holding a certain amount of coins. This makes helium mining more accessible to individuals who may not have specialized mining equipment or a large amount of capital. Additionally, helium mining is designed to be energy-efficient and environmentally friendly, which sets it apart from other cryptocurrencies that often face criticism for their high energy consumption.
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