Frequently Asked Questions
In mining htmlcoin, anyone could find a new block using their computer’s CPU/GPU. As more and more people started mining, the difficulty of finding new blocks increased greatly to the point where the only cost-effective method of mining today is using specialized hardware.
Anybody can become an htmlcoin miner by running software with specialized hardware. Mining software listens for transactions broadcast through the peer-to-peer network and performs appropriate tasks to process and confirm these transactions. HTMLCOIN miners perform this work because they can earn transaction fees paid by users for faster transaction processing, and newly created htmlcoins issued into existence according to a fixed formula.
Mining is the process of spending computing power to process transactions, secure the network, and keep everyone in the system synchronized together.
This works fine. The htmlcoins will appear next time you start your wallet application. HTMLCOIN are not actually received by the software on your computer, they are appended to a public ledger that is shared between all the devices on the network.
Most transactions can be processed without fees, but users are encouraged to pay a small voluntary fee for faster confirmation of their transactions and to remunerate miners.
Transaction fees are used as a protection against users sending transactions to overload the network.
The price of a HTMLCOIN is determined by supply and demand.
HTMLCOIN have value because they are useful as a form of money.
New htmlcoins are generated by a competitive and decentralized process called “mining”. This process involves individuals that are rewarded by the network for their services. HTMLCOIN miners are processing transactions and securing the network using specialized hardware and are collecting new htmlcoins in exchange.