Mining is primarily three things
It is a protocol (or set of rules) that defines how the network should operate – Refer a representation of the Block Architecture below
Block Architecture
It is a software project that implements the protocol.
Proportional Reward System
Reward Systems:
- Proportional
- PPS (Pay-Per- Share)
- Slush’s Method
- Geometric Method
- PPLNS (Pay-Per- Last-N- Shares)
It is a network of computers and devices running software that uses the defined protocol to create and manage Bitcoins.
Mining Farm
SERVICES