Crypto Terms:
Letter M
Jul 07, 2023 |
updated: Apr 02, 2024
What is Miner?
Miner -
entity taking direct part in the cryptocurrency mining process.
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Let's find out Miner meaning, definition in crypto, what is Miner, and all other detailed facts.
A miner is an entity responsible for the mining process on a blockchain. Miners play a crucial role in the blockchain network as they validate and create new blocks that are added to the chain. They are eligible for cryptocurrency rewards for each new block.
Miners can be individual entities or organizations with a varying scale of mining hardware and operational capabilities. Some miners may employ cloud mining services.