Newbie question?
I’m under the impression that “mineable “ coins are the incentive for miners to participate in a public blockchain.. is this true? What’s the advantage to premined coins ?
I’m under the impression that “mineable “ coins are the incentive for miners to participate in a public blockchain.. is this true? What’s the advantage to premined coins ?
Usually the biggest coins in the market have a pretty heavy algorithm to process in order to be able to mine, so sometimes the investment in electricity and hardware is higher than the revenue you can get from mining. Also buying coins is accessible to everyone, mining not so much.