Mining Reward
The money that miners earn for successfully discovering and confirming a new block of transactions in the blockchain.
More terms under M
- Mining DifficultyMining difficulty is a measure of how hard it is to solve the puzzle needed to add a new block to a cryptocurrency's blockchain.
- Mining FarmA mining farm is a place where multiple miners work together to mine cryptocurrency. They join forces to save on energy costs and increase their chances of…
- Mining PoolA mining pool is a group of miners who combine their computing power to improve their chances of earning rewards by finding new blocks together.
- Mining RewardsMining rewards are the payments that cryptocurrency miners earn for successfully adding a new block to the blockchain.
- Mining RigA mining rig is a computer system designed specifically to solve complex math problems that help create new cryptocurrencies and verify transactions on the…
- Mining as a Service (MaaS)Mining as a Service (MaaS) lets people pay to use mining hardware owned by companies, so they can earn cryptocurrency without having to buy or maintain the…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.