Is NEO mineable and how can I start mining it?

3 answers

• Dec 24, 2021 · 3 years ago
  Yes, NEO is mineable. However, it is not mined in the traditional sense like Bitcoin or Ethereum. NEO uses a consensus mechanism called delegated Byzantine Fault Tolerance (dBFT) where block production is carried out by a limited number of trusted nodes. These nodes are elected by NEO token holders through a voting process. So, instead of mining, you can participate in the network by holding NEO tokens and voting for consensus nodes.
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• Dec 24, 2021 · 3 years ago
  Unfortunately, NEO cannot be mined using traditional mining hardware like ASICs or GPUs. As mentioned earlier, NEO uses a different consensus mechanism that relies on a limited number of trusted nodes. Therefore, the only way to participate in the NEO network is by holding NEO tokens and voting for consensus nodes.
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• Dec 24, 2021 · 3 years ago
  Yes, NEO is mineable, but not through traditional mining methods. Instead, NEO holders can participate in the network by voting for consensus nodes. This consensus mechanism ensures the security and stability of the NEO blockchain. If you're interested in mining NEO, you can acquire NEO tokens through various exchanges and then participate in the voting process to support the network.
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