The smart mining feature allows transparent CPU mining on the user's computer, far from the de facto centralization of mining farms and pool mining, pursuing Satoshi Nakamoto's original vision of a true P2P currency.
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English words MUST be kept as is and translations added after them. Example: ["account", "accounts", "wallet", "wallets", "conto", "conti", "portafoglio", "portafogli"]
Monero is powered strictly by Proof of Work. It employs a mining algorithm that has the potential to be efficiently tasked to billions of existing devices (any modern x86 CPU and many GPUs). Monero uses a variant of CryptoNight Proof of Work (PoW) algorithm, which is designed for use in ordinary CPUs and GPUs.
the process of cryptographically computing a mathematical proof for a block, containing a number of transactions, which is then added to the blockchain
The process of cryptographically computing a mathematical proof for a block, containing a number of transactions, which is then added to the blockchain.
Mining is the distributed process of confirming transactions on the public ledger of all transactions, aka @blockchain.Monero nodes use the blockchain to distinguish legitimate transactions from attempts to re-spend coins that have already been spent elsewhere.