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Miners (definition) can refer to those people who participate in Cryptocurrency mining or the actual hardware (miners) being used.

Genesys mining ASIC farm
Genesis mining ASIC farm

Normally when referring to miners, the protocol is Proof of Work, and there are many types of hardware and software that encompass this system. but still if using the Proof of Stake system, mining is still being accomplished due to the coin weight being held, unused on the network, the more coins you have in the wallet, the more of a chance of a block reward. As with Proof of Work, every time a block is found (solved) a 'miner' will win the reward so there are many chances to be able to take part in this function.

Page last modified on August 01, 2019, at 10:18 AM