mirror of
https://github.com/monero-project/monero-site.git
synced 2024-12-14 20:36:34 +02:00
15 lines
1.1 KiB
Markdown
15 lines
1.1 KiB
Markdown
---
|
|
terms: ["mining", "miner", "miners"]
|
|
summary: "the process of cryptographically computing a mathematical proof for a block, containing a number of transactions, which is then added to the blockchain"
|
|
---
|
|
|
|
### The Basics
|
|
|
|
The process of cryptographically computing a mathematical proof for a block, containing a number of transactions, which is then added to the blockchain.
|
|
|
|
Mining is the distributed process of confirming transactions on the public ledger of all transactions, aka @blockchain. Monero nodes use the blockchain to distinguish legitimate transactions from attempts to re-spend coins that have already been spent elsewhere.
|
|
|
|
Monero is powered strictly by Proof of Work. It employs a mining algorithm that has the potential to be efficiently tasked to billions of existing devices (any modern x86 CPU and many GPUs). Monero uses a variant of CryptoNight Proof of Work (PoW) algorithm, which is designed for use in ordinary CPUs and GPUs.
|
|
|
|
The smart mining feature allows transparent CPU mining on the user's computer, far from the de facto centralization of mining farms and pool mining, pursuing Satoshi Nakamoto's original vision of a true P2P currency.
|