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Mining

Proof of Work

Section titled “Proof of Work”

Miners compete to solve cryptographic puzzles, validating transactions and adding blocks to the chain. The winner earns the block reward plus transaction fees.

Mining Hardware Evolution

Section titled “Mining Hardware Evolution”
  • CPU (2009) — Satoshi mined with a regular computer
  • GPU (2010) — Graphics cards offered 10-100x speedup
  • FPGA (2011) — Custom circuits, more efficient
  • ASIC (2013+) — Purpose-built chips, dominant today

Key Metrics

Section titled “Key Metrics”
  • Hash Rate — Total network computing power
  • Difficulty — Adjusts every 2,016 blocks (~2 weeks)
  • Energy — Increasingly shifting to renewable sources