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15 lines
1.1 KiB
Markdown
15 lines
1.1 KiB
Markdown
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terms: ["mining", "miner", "miners"]
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summary: "the process of cryptographically computing a mathematical proof for a block, containing a number of transactions, which is then added to the blockchain"
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### The Basics
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The process of cryptographically computing a mathematical proof for a block, containing a number of transactions, which is then added to the blockchain.
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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.
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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.
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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.
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