Mining · Glossary
Glossary
- Block Reward
- The new MLRT created and awarded to whoever successfully adds a block to the chain.
- Coinbase Transaction
- The first transaction in a block that creates the block reward out of nothing and pays the miner.
- Hashrate
- The rate at which your CPU or GPU attempts mining work, measured in hashes per second.
- Mining Pool
- A server that combines hashrate from many miners and splits the rewards proportionally.
- Nonce
- A number a miner changes on each attempt to produce a different hash for the same block.
- Orphan Block
- A valid block that loses the race to be part of the main chain when two blocks are found at nearly the same time.
- Proof of Work
- The mechanism that requires miners to spend real computation to add a block, making the chain expensive to attack.
- Share
- A piece of mining work that meets the pool difficulty target but not necessarily the full network difficulty.
- Stale Share
- A share that arrived at the pool after the block it was working on had already been found.