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  1. Deutsche eMark
  2. FAQ

What is mining?

Mining

  • FAQ
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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.

Categories

  1. General 4
  2. Availability 3
  3. Interest 5
  4. Technology 5
  5. Transaction 6
  6. Mining 5
  7. Storage & Wallet 4
  8. Security 4

Mining Pools |

miningpoolstats.com
coinminerz.com

Block Explorer

cryptoID Blockexplorer
miner-control.de

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