Miner: Difference between revisions

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[[file:computation.png|right|frame|Advanced programming<ref>http://www.flaticon.com/</ref>]]
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  [[File:Exclamation.png]] This is student work which has not yet been approved as correct by the instructor
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[[file:Studying.png|right|frame|Case study notes<ref>http://www.flaticon.com/</ref>]]
Miners are computer owners who contribute their computing power and energy to the network of a “proof-of-work” based cryptocurrency like Bitcoin. The first miner to validate a new block for the blockchain receives a portion of the currency that is mined as a reward. This remuneration is called a block reward.<ref>https://www.bitpanda.com/academy/en/lessons/what-is-bitcoin-mining-and-how-does-mining-work</ref>


== Introduction ==
* miners earn cryptocurrency without having to put down money for it.
* miners receive cryptocurrency as a reward for completing "blocks" of verified transactions which are added to the blockchain.
* mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first, and the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.


Please write a clear, concise description of your topic here.You will likely reference your introduction from somewhere else. Please use the following syntax at the end of each of your ideas. '''IT IS CRITICAL YOU ATTRIBUTE''' others work. Your introduction should be factual. No more than 3 or 4 sentences, please. Because you are not an expert in your topic, I expect you to triangulate your information. LOTS OF LINK TO OTHER RESOURCES PLEASE! If you do not use a section, please delete it. Your finished page should only have information which explains your topic.
<nowiki>
<ref>the url I cited by material from</ref>
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Please delete any text on the page from our template. The only text on the page should be your work (and the category links on the bottom).
== How does it work or a deeper look ==
* If you are discussing a THING YOU CAN TOUCH, you must explain how it works, and the parts it is made of. Google around for an "exploded technical diagram" of your thing, [http://cdiok.com/wp-content/uploads/2012/01/MRI-Technology.jpg maybe like this example of an MRI]  It is likely you will reference outside links. Please attribute your work.
* If you are discussing a PROCESS OR ABSTRACT CONCEPT (like [[fuzzy logic]]) you must deeply explain how it works.
== Examples ==
Please include some example of how your concept is actually used. Your example must include WHERE it is used, and WHAT IS BENEFIT of it being used.
== Pictures, diagrams ==
Pictures and diagrams go a LONG way to helping someone understand a topic. Especially if your topic is a little abstract or complex. Using a picture or diagram is a two part process:
# [https://www.mediawiki.org/wiki/Help:Managing_files upload a file]
# [https://www.mediawiki.org/wiki/Help:Images use the file on a wiki page]
== External links ==
* It would be helpful
* to include many links
* to other internet resources
* to help fellow students
* Please make sure the content is good
* and don't link to a google search results, please


== References ==
== References ==
<references />
<references />


[[Category:2020 case study]]
[[Category:programming]]
[[Category:Student created article]]

Latest revision as of 20:10, 8 March 2020

Advanced programming[1]

Miners are computer owners who contribute their computing power and energy to the network of a “proof-of-work” based cryptocurrency like Bitcoin. The first miner to validate a new block for the blockchain receives a portion of the currency that is mined as a reward. This remuneration is called a block reward.[2]

  • miners earn cryptocurrency without having to put down money for it.
  • miners receive cryptocurrency as a reward for completing "blocks" of verified transactions which are added to the blockchain.
  • mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first, and the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.


References[edit]

  1. ↑ http://www.flaticon.com/
  2. ↑ https://www.bitpanda.com/academy/en/lessons/what-is-bitcoin-mining-and-how-does-mining-work

a group or system of interconnected people or things.

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