Mining
Using computers to process transactions and earn crypto rewards. Miners compete to solve math puzzles, and winners get new coins.
Example
Bitcoin miners running warehouses full of computers, racing to process transactions and earn 3.125 BTC per block.
Related Terms
Core Concepts
⚙️How It Works
- 1
Collect Transactions
Miners gather pending transactions from the mempool
- 2
Solve Puzzle
Computers race to find a valid hash (Proof of Work)
- 3
Win Block
First miner to solve it adds the block to the chain
- 4
Earn Reward
Winner receives block reward + transaction fees
📊Key Numbers
3.125 BTC
Bitcoin Block Reward
halves every ~4 years
500+ EH/s
Bitcoin Hash Rate
exahashes per second
~10 min
Block Time
Bitcoin average