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What is Mineable coins?
Published at
12/13/2024
Categories
cryptocurrency
asic
bitcoin
crypto
Author
lillywilson
Author
11 person written this
lillywilson
open
Mineable coins is a term used to describe cryptocurrencies based on blockchain that are created by mining.
Mineable coins are generated through mining, and they are sent to the miner block rewards as well as incentives for successful mining.
The process is the same, but the transaction time varies depending on the factors such as the mining algorithm, difficulty and the performance of the miner.
It uses proof of work to achieve network consensus.
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