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What is Cryptomining?

Crypto Terms Glossary: What is Cryptomining?

Cryptocurrency mining is the process of solving equations in a Proof-of-Work consensus mechanism to verify transactions and add new blocks to the blockchain. Computers that support a blockchain network are called nodes, and the process by which they solve complex equations is called mining. Miners are those who operate these computers. For their efforts, they are compensated with a mining reward, typically in the blockchain's native cryptocurrency.

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