FAQ

Mining means "digging". As an example, you can use the comparison analogous to "digging for gold".

One looks for the gold piece in an area, so to speak. The only difference is that instead of the gold, the "coin" is the object found and the area is the time required to solve a calculation problem.

Mining therefore describes the solving of a complex mathematical problem by means of fixed algorithms in a time window for cryptocurrencies. If you have solved this mathematical calculation, you get coins (in the case of the eMark 50 DEM) credited to your account (wallet) as a reward.

Since you are usually competing with other miners, it is advantageous to find the solution quickly. Only the first to find the solution will be rewarded. After that, the search for the next block starts all over again.

There are two possibilities to operate eMark-mining. Either you equip yourself with the necessary program and the special computers designed for this purpose (this is called Asic hardware) and operate eMark mining on your own or you join a mining pool and use its technical infrastructure.

Nevertheless, you have to own or at least rent the hardware for mining.

Pool fees of different amounts are usually payable for the pool. A selection of the most common mining pools can be found here.

If you do not own any mining hardware, it is possible to rent mining hardware. Renters of mining hardware can be found here or here.

Currently, various manufacturers offer both programs and special computers for mining a cryptocurrency. If one decides to join a mining pool and to do eMark mining there, usually no further investments in a program are necessary. All that is required is to sign up or register with the mining pool in question.

In pool mining, the computing power of all users (miners) there is pooled and the block is searched for together. When the block is found, the reward is again divided fairly among the users. The one with the greatest computing power gets the largest share, because here the payout is based on the performance principle.

Since miners (PoW & PoS) constantly generate new blocks, some newly generated blocks can be transmitted to the network almost simultaneously. The transmission of information between the individual nodes (peers) takes some time. For this reason, there is a possibility that one group of nodes decides to validate one block while another group validates the other. Eventually, this would result in one of the blocks being orphaned. The formation of orphan blocks is completely natural and in most cases occurs by chance. However, they can also arise when malicious actors attempt to create an alternate valid blockchain.

Daily recognized Orphan blocks can be viewed at chainz.cryptoid.info (since March 12, 2020).

There is theoretically a possibility to manipulate the blockchain if the hashpower exceeds at least 51% of all computers in the network. This would be possible, for example, if the largest mining pools were to join forces with their mining farms.