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Block chain mining

  A distributed peer-to-peer application, also known as a distributed ledger, or blockchain mining , is an online database that is collaboratively maintained by its users, allowing transactions to be processed without the need for a centralized administrator. Unlike a traditional database, where every computer that accessed it is considered an authorized user, in the case of a distributed ledger, each user is granted his or her own permission to access and make use of the data contained therein. This type of ledger has many potential uses in various industries, such as real estate and finance. A distributed ledger such as the bitcoin protocol allows users across the globe to agree on the data contained within the ledger, known as the block chain, without the need for a central administrator or a third party. Mining occurs when a group of peers-to-peers add to the collective block of transactions by collaborating together. While miners aren't required to run specific applications or...
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Cryptocurrency mining

Cryptocurrency mining is the process by which transactions are added to the public block chain and verified, and in so doing, are added to the public ledger, the digital chain. Also referred to as cryptominerating, altcoin mining (for the more popular type of currency, typically, the most used type of cryptocurrency) and mining (to differentiate from pooling), altcoin mining has become a popular past time as the popularity of the digital currency itself has grown. An altcoin is a different digital coin than a traditional currency. A cryptonote, for example, is an altcoin that is not a regular, standard, mainstream currency. It is more like a digital share. A cryptomonero is the same as an almoner. Because an altcoin does not have a traditional monetary base, its value will fluctuate. When a new altcoin is mined, it is not like traditional currency mining wherein mining equipment is built and maintained for a long period of time. With an altcoin, mining equipment is often purchased o...
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