Question

The higher the computational power, the lower is the difficulty in mining. True or False?

Answer 1

Answer is FALSE.

• Mining is the procedure of adding transactions to blockchain of Bitcoin.
• Difficulty value will be adjusted in the ongoing process of mining when the blocks are added.
• When high computational power is inputted, then difficulty value of mining also should be made higher so that mining becomes a hard process.
• When less computational power is supplied, mining difficulty is adjusted and made low.

Hope it helps.

Answer 2

The statement “The higher the computational power, the lower is the difficulty in mining.” is True.

The data mining can be referred as the practice of verifying the large databases those exist from the past and use these databases to generate the new information.

It is a process for discovering the patterns in the large data sets.