Mining

Proof of work

A consensus method that uses computational work to secure a network.

What it means

Proof-of-work miners spend energy and hardware resources to compete for valid blocks.

Why it matters

Mining economics depend on hashprice, difficulty, energy cost, fees, and hardware efficiency.

Same category

Related glossary reads

Mining

Hashprice

Estimated mining revenue per unit of hashrate per day.

Glossary read
Mining

Hashrate

The amount of hashing work a miner or network performs.

Glossary read
Mining

Joules per terahash (J/T)

A Bitcoin ASIC efficiency measure.

Glossary read
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