7 Crucial Bitcoin Mining Terms

Miner

A miner refers to anyone who mines Bitcoins (or any other cryptocurrency). Bitcoin miners secure the Bitcoin network, confirm Bitcoin transactions, and issue new bitcoins.

Block Reward

The block reward is a fixed amount of Bitcoins that get rewarded to the miner or mining pool that finds a given block.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store