Mining

Cryptocurrency mining is the competitive process of assembling pending transactions into a candidate block and searching for a hash that satisfies the network's difficulty target. The first miner to succeed broadcasts the block and collects the block reward plus all included transaction fees.

Economically, mining converts electricity and hardware depreciation into cryptocurrency. Profitability therefore depends on four variables: hardware efficiency, electricity price, network difficulty, and coin price — all of which you can model in our live calculators.