Terms related to cryptocurrency mining, including hashrate, network difficulty, blocks, rewards, Proof-of-Work, shares and other mining concepts.

Mining Protocol

Rules for exchanging tasks and work results between a miner and other participants in the mining process.

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Coinbase Transaction

A special transaction created when a block is formed to receive the reward specified by the protocol.

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Merge Mining

A technology that uses the same computational work to mine multiple compatible blockchains.

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Mining Software

Software that configures and performs mining on computing hardware.

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Mining Client

Software that enables a computing device to interact with a network or mining pool.

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Block Reward

The total income associated with adding a new block to the blockchain.

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Mining

The process of using computational resources to participate in blockchain operations and earn rewards.

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Miner

A device or software participant that uses computational resources to mine cryptocurrency.

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Proof-of-Work

A consensus mechanism based on performing computational work to create new blocks.

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Solo Mining

Independent mining without combining computational resources with other participants.

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Pooled Mining

Collaborative mining in which multiple participants combine computational power for more regular payouts.

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Dual Mining

A mode of simultaneously mining two cryptocurrencies with a single computing device.

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Block Subsidy

The portion of the block reward determined by protocol rules and typically associated with the issuance of new coins.

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