Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => NEO Forum => Topic started by: Learntoken on February 20, 2018, 05:59:04 AM

Title: Mining Neo
Post by: Learntoken on February 20, 2018, 05:59:04 AM

Is is possible to mine NEO?
If so, how can you do that?

Title: Re: Mining Neo
Post by: Crypto Roger on February 22, 2018, 09:11:04 PM

No Neo can not be mined. Because NEO is proof of stake.

But you get GAS for free, while you hold NEO in a wallet.
Can can take a look here https://neotogas.com

Title: Re: Mining Neo
Post by: MelchiZedek on May 07, 2018, 05:26:50 PM

It is not possible to mine NEO.

Title: Re: Mining Neo
Post by: ahirice on May 07, 2018, 07:20:23 PM

Miners are not needed for NEO.

NEO is using the Delegated Byzantine Fault Tolerance consensus protocol. NEO holders verify transactions and earn a GAS stake for doing so, proportional to the amount of NEO hold.
You can collect the GAS by executing a smart contract.

You also have many projects built on NEO that chose to airdrop tokens to NEO holders instead of doing ICO. Ontology did so a few weeks ago. NNS Neo Name Service will too. (https://www.altcoinstalks.com/index.php?topic=18999.0)

Title: Re: Mining Neo
Post by: Synvc on May 20, 2018, 10:35:37 AM

I do not think that results

Title: Re: Mining Neo
Post by: alexsun007 on May 20, 2018, 07:57:22 PM

cool