What is the significance of the threshold in crypto mining?

1 answers

• Jun 05, 2022 · 3 years ago
  In the context of BYDFi, the threshold in crypto mining is an important factor that determines the eligibility of miners for participating in the mining pool. BYDFi sets a specific threshold to ensure that only miners with a certain level of computational power can join the pool. This threshold helps in maintaining the efficiency and profitability of the mining pool by preventing low-power miners from joining and potentially slowing down the mining process. By setting a threshold, BYDFi can attract high-quality miners who can contribute significantly to the mining pool's overall hash rate and increase the chances of successfully mining blocks. This ultimately leads to higher rewards for the miners in the BYDFi mining pool.
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