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26 lines
1.2 KiB
Markdown
26 lines
1.2 KiB
Markdown
---
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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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terms: ["mining", "miner", "miners"]
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---
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{% include disclaimer.html translated="no" translationOutdated="no" %}
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### The Basics
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The process of cryptographically computing a mathematical proof for a block,
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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
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ledger of all transactions, aka @blockchain. Monero nodes use the
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blockchain to distinguish legitimate transactions from attempts to re-spend
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coins that have already been spent elsewhere.
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Monero is powered strictly by Proof of Work. It employs a mining algorithm
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that has the potential to be efficiently tasked to billions of existing
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devices (any modern x86 CPU and many GPUs). Monero uses a variant of
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CryptoNight Proof of Work (PoW) algorithm, which is designed for use in
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ordinary CPUs and GPUs.
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The smart mining feature allows transparent CPU mining on the user's
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computer, far from the de facto centralization of mining farms and pool
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mining, pursuing Satoshi Nakamoto's original vision of a true P2P currency.
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