Mining: definition and meaning
Mining is the process of using computers to validate transactions and create new blocks on a proof-of-work blockchain, earning newly issued coins and fees.
Why it matters
Mining secures the network and is how new Bitcoin enters circulation.
Related terms
- Proof of work
Proof of work is a consensus method where miners spend computing power to add blocks. Bitc… - Halving
A halving is a scheduled event, about every four years, that cuts Bitcoin's block reward i…
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