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RE: Mine iota with cpu (web miner)

in #web7 years ago

IOTA is centralised. meaning there is no mining it. they use a transaction based system. if you send something you need to verify other transactions in return.

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Well yeah, they actually use XMR mining for that, and they exchanged for IOTA, but is one way to get it trough mining. maybe is a mistake of my part to say they are mining iota.

ALL IOTA that will ever be have already been created at the ICO in 2015. There is no mining. Transaction fees are verifying other transactions so basicly 0 fee = 0 gain. You can only buy IOTA. You can not get them as fee by verifying transactions or creating new blocks.

Well yeah but that don't change the fact you are using a web miner and the payout is in iota right ? Thumbs up for the info btw

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