Can you explain the meaning of 10k MGW in the world of cryptocurrency?

1 answers

• Rohit MandalApr 12, 2021 · 5 years ago
  10k MGW, or 10,000 MegaWatt, is a term used in the cryptocurrency industry to measure the total mining power of a cryptocurrency network. It represents the combined computational power of all the miners in the network. The higher the 10k MGW, the more secure and decentralized the network is. It is an important factor to consider when evaluating the strength and reliability of a cryptocurrency. A higher 10k MGW indicates a larger number of miners participating in the network, which increases the security and stability of the blockchain. It also signifies a higher level of competition among miners, as they need more powerful hardware to maintain their mining operations. Overall, 10k MGW is a key metric in the world of cryptocurrency that reflects the overall health and security of a network.
  800

  400