Miner
A miner is a participant who provides computational work to find blocks and secure proof-of-work blockchains.
- Also known as
- mining node
Miners assemble transactions, construct block candidates, and search for a header hash below the difficulty target. The first valid block broadcast is accepted by the network.
Incentives include block subsidies and fees. As subsidies decline due to halvings, fee markets become increasingly important for sustaining mining.
Related terms
4 linkedExplore connected entries beyond the alphabetical index.
Mining
→The process by which new coins or tokens are minted and transactions are confirmed on a blockchain through computational work.
Proof of Work (PoW)
→A consensus algorithm where computing power is used to solve complex problems, verify transactions, and create new blocks.
Hash rate
→The number of proof-of-work hash attempts performed per second by mining hardware or an entire network.
Full Node
→A full node independently validates blocks and transactions, enforcing a blockchain's consensus rules without trusting a third party.
All terms and definitions may update as the Cryptionary improves.
