ShowUps
  • Home
  • GM Newsletter
  • Events Calendar
  • Web3 Dictionary
  • Contact
Select Page

Mining

Mining

Definition:

Contrary to popular belief, crypto mining does not involve a shovel and a pick, rather it’s a competitive process of adding new blocks to a blockchain. Mining allows new tokens to be created within a blockchain, which miners can then sell into crypto markets. See also PoW.

Degen Chat

“I just bought a few new graphics cards for my mining rig. LFG!”

Related Terms:
  • Dictionary: Fiat
  • Dictionary: Moonboy
  • Dictionary: Pre-mine
  • Dictionary: Tokenomics
« Dictionary Menu

Recent Posts

    Recent Comments

    No comments to show.

    Archives

    No archives to show.

    Categories

    • No categories
    • X
    ShowUps - Web3 for Creators - 2023
    Use of this site involves the use of cookies to ensure you the best experience.