🟢How Does Crypto Mining Work?

👉As new blockchain transactions are made, they are sent to a pool called a memory pool. A miner's job is to verify the validity of these pending transactions and organize them into blocks.

🔵You can think of a block as a page of the blockchain ledger, in which several transactions are recorded (along with other data). More specifically, a mining node is responsible for collecting unconfirmed transactions from the memory pool and assembling them into a candidate block.

🔵The miner then attempts to convert this candidate block into a valid, confirmed block. To do this, the miner must solve a complex mathematical problem that requires a lot of computing resources. However, for each successfully mined block, the miner receives a block reward consisting of newly created cryptocurrencies plus transaction fees.