4c1e8dd858
+ correction on Italian Account + Removed leftover miners.md (replaced by mining.md) + Removed Dust and update Copyright + Code improvement to avoid reading the config file and to use the builtin jekyll config variable passed in the content + Ammount.md:25/26 glitch "\@transaction-privacy" corrected. PL to be checked twice. + Italian ammount.md moneropedia links corrected (terms added to destination entries, unnecessary markdown links removed) + Polish corrections + extend ruby \word-boundary in regex to match `-based` `-like` `-form` + Updated readme according to the new way to add or translate a moneropedia entry + fix mining with CryptoNight variant + rebased to include AR + chery picked #820 to avoid conflicts
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| entry | terms | summary | |||
|---|---|---|---|---|---|
| Mining |
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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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The Basics
The process of cryptographically computing a mathematical proof for a block, containing a number of transactions, which is then added to the blockchain.
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.
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.
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.