How does the mining process for Decred compare to that of Siacoin?

1 answers

• IlikemathMay 16, 2021 · 4 years ago
  Decred and Siacoin have different approaches to mining. Decred uses a combination of Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms, while Siacoin relies solely on PoW. The mining difficulty for Decred is adjusted using the Difficulty Adjustment Algorithm (DAA), which ensures a stable block time and prevents extreme fluctuations in mining difficulty. Siacoin, on the other hand, uses the Blake2b algorithm for mining, which is memory-intensive and designed to be resistant to ASICs. In terms of rewards, Decred miners have the opportunity to earn both block rewards and staking rewards, while Siacoin miners only receive block rewards. Overall, the mining process for Decred offers more flexibility and potential for earning rewards through staking.
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