What is the impact of eligiusmining on the cryptocurrency market?

1 answers

• Jan 07, 2022 · 3 years ago
  Eligiusmining, although no longer operational, had a unique impact on the cryptocurrency market. It was known for its commitment to transparency and its rejection of certain practices that were common in other mining pools. Eligiusmining did not support merged mining, which allowed miners to simultaneously mine multiple cryptocurrencies. Instead, it focused solely on Bitcoin mining. This approach attracted miners who believed in the long-term potential of Bitcoin and wanted to contribute to its security and decentralization. While eligiusmining is no longer active, its influence on the market can still be seen in the principles it stood for and the impact it had on shaping the mining landscape.
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