1 Level
6 Review
1 Karma
Review on Bitcoin Diamond by Lydia Watkins
Mining Bitcoin Diamond first requires you to download and install the core…
Mining Bitcoin Diamond first requires you to download and install the core client. Understand that this means you’ll be downloading the entire blockchain to your computer to become a node. You’ll need a good amount of hard drive space to do this. The good news is that Bitcoin Diamond uses a new algorithm called X-13 that is much easier than the SHA-256 algorithm used by Bitcoin. This makes it possible to mine Bitcoin Diamond with your GPU.
Pros
- High volume/low value transactions: Bitcoin is the world’s top cryptocurrency but it’s still quite difficult to use. Diamond coin’s high transaction speeds and low price could make it perfect for buying and selling small and inexpensive products like coffee or bus tickets
Cons
- Trust: Hard-fork coins need to win the trust of the crypto community. No one knows who Team Evey and Team 007 are. A lot of users don’t think it’s legit and some even accused it of being a scam when it launched. Bitcoin Diamond will have to prove itself over the next few months or it could disappear completely!
