Benefits from mining

Comments

• Jasper Eindhoven, the NetherlandsMember Posts: 514 ✭✭✭

  January 2015

  It is one way to get ETH,(another is to buy them/provide some service for them) which can be used to get gas to create transactions/run contracts. If you use an assurance contract(kickstarter), even if it uses a subcoin(non-ethers) for the value inside, you need ether to turn into gas to run the contract.
  
  The gas is there to avoid abuse of the system, as you can only do as much storage/computation as you spend gas for it. The mining is there to secure it.

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• Poseidon OLYMPMember Posts: 5 ✭

  January 2015

  Thank you for the explanation.

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