A miner is a computer or group of computers that verify blocks from other miners on theBitcoin network. They are responsible for adding new transactions to blocks on the blockchain.

(Bitcoin) miners receive transaction fees and bitcoins as rewards for successfully "mined" blocks. All cryptocurrencies based on Proof of Work are managed by miners.

Similar terms

Mining Pool

In a mining pool, several entities join together to "mine" a cryptocurrency.

Bitcoin Transaction

In a Bitcoin transaction, Bitcoin values are transferred from one wallet to another. The transfer is secured by digital signatures and is stored in the Bitcoin network (blockchain), where it is transparently visible to all users (and remains visible

Mining Reward

The mining reward is the remuneration received by miners.