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Mineable

November 21, 2023 - Around 1 mins mins to read

What Does “Mineable” Mean?

When it comes to cryptocurrencies, some of them have a unique feature that allows miners to earn newly-created cryptocurrencies as a form of reward. This is done by utilizing their hash power to create blocks. Cryptocurrencies that possess this capability are known as mineable. * Not Mineable Conversely, there are certain cryptocurrencies that are not generated through this process. Instead, they are created through other mechanisms, such as annual inflation through staking. These specific cryptocurrencies are categorized as not mineable.

Glossary

Mineable

What Does “Mineable” Mean?

When it comes to cryptocurrencies, some of them have a unique feature that allows miners to earn newly-created cryptocurrencies as a form of reward. This is done by utilizing their hash power to create blocks. Cryptocurrencies that possess this capability are known as mineable. * Not Mineable Conversely, there are certain cryptocurrencies that are not generated through this process. Instead, they are created through other mechanisms, such as annual inflation through staking. These specific cryptocurrencies are categorized as not mineable.

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