Miner
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.