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Does difficulty in mining make a Cryptocurrency more valuable?

  • Thread starter Thread starter Iboro
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Iboro

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Cryptocurrency mining is becoming increasingly challenging with each passing day, with some coins requiring specialized hardware and excessive amounts of computational power. But does this difficulty in mining actually make a cryptocurrency more valuable?

While some argue that it adds to the scarcity of the coin, others believe that it could lead to centralization and decreased accessibility. What do you think? Is difficulty in mining a crucial factor in determining the value of a cryptocurrency, or is there more to it?"
 
Bitcoin is the most valuable coin because it is the original cryptocurrency. Ethereum is the second most valuable because it has a lot of usecases. The value of crypto is not determined how easy ot difficult it is to mine. The value depends on a lot of factors such as usability, scalability, security, etc.
 
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