A miner is a participant in a blockchain network who uses computational power to solve complex mathematical problems, thereby validating transactions and creating new blocks. In return, miners are rewarded with newly minted coins and transaction fees.
This process, known as mining, is essential for securing proof-of-work (PoW) blockchains like Bitcoin.
Miners play a critical role in maintaining the network’s integrity and are incentivized through rewards to contribute their resources.
« Back to Glossary Index