What is Blockchain Mining

Mining
• Mining is the process of recording the pending transaction by adding a new
Block into the Blockchain through a mathematical puzzle (in Proof-Of-Work).
• In proof-of-work scenarios, all the miners have to solve a particular mathmatical
problem to prove the work.
• Miners get rewarded for doing this by receiving the new crypto coins of that
Blockchain. Exact amount of coins per block depends on Blockcahin Platform &
it’s logic. It is 5/Block in Ethereum & 12.5 BTC in Bitcoin.
• Mining concept is not mandatory. Blockchains may exist without mining concept.
Hyperledger Fabric is one good example.

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Types of Mining
• Solo Mining & Pool Mining
• CPU Mining Vs GPU Mining
• FPGA Mining
• ASIC Mining

Blockchain Basics – A Practical Approach 3

Known Mining Pools
• Genesis Mining
• Ant Mining
• BTC.com
• BCMonster.com
• Slush's pool
• MinersGate

Blockchain Basics – A Practical Approach 4

OUR CONTACT DETAILS
ComPany: Blockchain Council

WEBSITE: https://www.blockchain-council.org

EMAIL: training@blockchain-council.org

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@chaincouncil

THANK YOU FOR YOUR TIME

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