Mar 7, 2021

2 min read

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.

More from The Writing Zone

Blockchain is the future.

Love podcasts or audiobooks? Learn on the go with our new app.

Try Knowable

Recommended from Medium

Berkeley Blockchain Xcelerator

The Blockchain Blog

Crypto Academy

Unexpected Bear Market Indicator Spotted by Dogecoin’s Billy Markus

Joseph E. Ikhalia, PhD.

How to Store Your Cryptocurrencies Securely

Exeedme

Folks, let us tell you a story.

ZooDAO

veZOO: The path to greatness

ORI COMMUNITY

Ethereum

Archisman Das

Geek Culture

Understanding the Decentralized World through the Crypto Winters

The Writing Zone

The Capital

DeFi Tokens

About Help Terms Privacy