Mining

Mining is basically transaction verification. When a block of transactions has been validated, the person who successfully solves the problem first receives a reward such as a Bitcoin.

In early days, any computer could be used for mining, but the algorithm is designed to get harder and harder as more people get on the Blockchain so normal computers are now very inefficient at mining. Over time, people found that using computers with mining specific GPUs worked well and now the most efficient miners use Custom Mining Computers, which have a higher hashrate.

Types of Mining

• Direct Mining
• Pool Mining
• Cloud Mining

Mining Tutorials

• How to mine CryptoNote currencies
• [Blocktorial.com] For more mining tutorials

Nefarious behavior

• Cryptojacking

Articles on small towns being overrun by miners

• Plattsburgs mayor bans mining
• Wenatchee, WA
• WSJ, Rural Washington

See also

• Cryptocurrencies
• Cryptocurrency wallet
• How to create your own cryptocurrency