Читать книгу Cryptocurrency Mining For Dummies - Peter Kent - Страница 45

IN THIS CHAPTER

Making money with mining: transaction fees and block subsidies

Understanding how mining builds trust

Discovering how mining ensures the six characteristics of cryptocurrency

Choosing the winning miner through proof of work and proof of stake

Although not all cryptocurrencies require mining, Bitcoin and other mineable cryptocurrencies rely on miners to maintain their network. By solving computationally difficult puzzles and providing consent on the validity of transactions, miners support the blockchain network, which would otherwise collapse. For their service to the network, miners are rewarded with newly created cryptocurrencies (such as Bitcoin) and transaction fees.

When a miner sends a transaction message across the cryptocurrency network, another miner’s computer picks it up and adds the transaction to the pool of transactions waiting to be placed into a block and the blockchain ledger. (You can find the details about cryptocurrency and blockchain ledgers in Chapter 1.) In this chapter, we explore how cryptocurrencies use mining to create trust and make the cryptocurrency usable, stable, and viable.