Mining is profitable only when the cryptocurrency mined is worth more than the cost to perform calculations. True or False?

CCL306(1)

Flashcard
•
Education
•
8th - 10th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

5 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
True
2.
FLASHCARD QUESTION
Front
Mining involves vast, decentralized networks of ______ around the world that verify and secure blockchains.
Back
Computers
3.
FLASHCARD QUESTION
Front
Mining is the process that only Bitcoin use to generate new coins and verify new transactions. True or False?
Back
False
4.
FLASHCARD QUESTION
Front
The blockchain awards the fastest miners to guess the hash with _________ ?
Back
Cryptocurrencies
5.
FLASHCARD QUESTION
Front
Miners verify and secure the transactions in a Blockchain. True or False?
Back
True
Similar Resources on Wayground
10 questions
Vocab Set 7 t

Flashcard
•
9th Grade
10 questions
Tutorial - 3/1 (8th grade Social Studies) - Louisiana Purch.

Flashcard
•
8th Grade
5 questions
Fake News & Media Bias

Flashcard
•
10th Grade
7 questions
CISCO CCST Cyber Flashcard #2

Flashcard
•
9th - 12th Grade
7 questions
8.52 Westward Expansion Pre-Assessment

Flashcard
•
8th Grade
7 questions
Unit 3 DTQ 6 Notetaker Review

Flashcard
•
9th Grade
6 questions
PicToWord: Blood Bank

Flashcard
•
KG
10 questions
Minerals Part II

Flashcard
•
8th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade