Mining Reward
By CoinGecko | Updated on Mar 03, 2020
The reward resulting from contributing computing resources to process transactions. Mining rewards are usually a mix of newly-minted coins and transaction fees.
Related Terms
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
Peer to Peer
A communication protocol that does not require a central hub
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
Derivatives
A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)
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