Miners play an important role in the crypto business because they are entrusted with the printing of new coins and their use as a source of money. Many people are unaware that Bitcoin blocks are formed as a result of miners mining #BTC where new blocks are created and this is how we conduct transactions over different channels.
Unfortunately for miners, mining becomes more difficult as time passes and machines require more power to mine Bitcoin. After each halving, the mining rewards are halved, and after this halving cycle, miners will receive approximately 1.5 rewards for each block and something similar. As a result, mining is becoming more difficult with the passage of time and that is a concern for the whole crypto industry.
It is obvious that when mining rewards are halved again, it will need more power to mine a #Bitcoin. Miners will struggle after that because the devices they use to mine will not be able to mine the amount of Bitcoin that they did before the halving. Mining becomes difficult after each cycle, which is incredibly bad news for miners.
However, in the HIVE ecosystem, social mining is introduced, which is not the process of Bitcoin. You can mine #HIVE by keeping sociable with others, which includes generating content and staying active on the network with commenting an using threads. After many years, we have witnessed a new revolution in hive/leo mining, and that is micro-earning (threads).
Just as when #leofinance introduced leothreads in its new features a few months ago, the feature went viral and proved to be a hit. Thousands of people have used Leothreads and are very interested in it. The reason for this is that it is a short manner in which you may share your review and opinion with other people.
You may also earn #leo tokens when composing threads, which are distributed after 7 days of settlement. You can then choose to keep the leo token or convert to the #hive coin. But, indeed, this is the type of micro-income known as #hive mining. This is how you can mine hive, where income is likewise not as difficult as it is with Bitcoin.
This is the new version of #HIVE mining which takes place immediately after HIVE posting and in which you submit lengthy contents. This ecosystem now provides two types of mining, one in the form of long content and the other in the form of micro blogging, similar to treads. This has progressed and is now being introduced by various front-ends, such as #Ecency, in which threads in the decks are introduced.
This is why people enjoy microblogging, and other groups and front-ends are implementing this type of earning, also known as HIVE mining. This is very welcoming in the hive ecosystem, but we lack user attention. There aren't many people that use #leothreads, #ecencydecks but it will become popular if the bulk of people start utilising threads.
Commenting is another form of social mining, however it was not popular among #hive users. They prefer threads, which are the new revolution and the most recent kind of mining. With an organised niche called Leothreads and in #ecency called Decks, users of the front-end can stay engaged with one other, social mining has gotten a new lease on life.
This is my attempt to inform you about the developed version of hive mining, which takes the form of #leothreads and #decks. I hope you find this content educational and fascinating. If you like the post, please leave a review in the comments section to help the next one be even better. Thank you for sticking with me until the end.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
IMAGES AND GIF TAKEN FROM CANVA, GOOGLE AND EDITED IN CANVA
