The process of validating proof-of-work blocks by expending computational energy to solve cryptographic puzzles. Miners are rewarded in block subsidy + transaction fees. Bitcoin mining is now an industrial-scale business dominated by public companies operating data centers near cheap energy (often stranded gas, hydro, geothermal). Ethereum stopped using mining in 2022.
Mining
The process of validating proof-of-work blocks by expending computational energy to solve cryptographic puzzles. Miners are rewarded in block subsidy + transaction fees. Bitcoin mining is now an industrial-scale business dominated by public companies operating data centers near cheap energy (often stranded gas, hydro, geothermal). Ethereum stopped using mining in 2022.
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