to mine
- verb
- /maɪn/
- Texting
- Cryptocurrency enthusiasts often use powerful computers to mine Bitcoin, validating transactions on the blockchain.
Examples
-
The number of Bitcoin mined for each new block of the blockchain is halved every 210,000 blocks.
Academic text (2018) -
To increase the understanding of premium seating owners and aid practitioners in targeting clients, Lawrence et al. (2013) data mined the ticket and business characteristics of premium seat purchasers.
Academic text (2017) -
I don't even see why anyone mines anymore that has a choice.
Blog text (30) -
It depends on whether you will even still be able to mine that particular algorithm nine months down the road on ACPU.
-
Instead, there is a predetermined finite number of Bitcoin that can be mined to enter circulation.
Academic text (2018) -
To earn rewards, you need to mine new units of cryptocurrency by solving complex mathematical problems.
-
Many people join mining pools to collectively mine cryptocurrency, enhancing their chances of earning rewards.
Idioms
- Informal
Something you say when you do not know the answer any more than the other person does
Phrasal Verbs
- Specialized
To remove earth and rock from the ground to get coal or other minerals
- Specialized
To remove large areas of earth and rock to get minerals near the surface
Compounds
- Specialized
An open area where workers remove earth and rock to get minerals near the surface
- Specialized
An enclosed platform that moves people and supplies up and down a mine shaft
- NSFW
A bomb hidden in the ground that explodes when stepped on or driven over
Surface Forms
Etymology
Mine in cryptocurrency borrows the old idea of digging for value: instead of picks and shovels, people use computers to find and create new coins, so crypto mining is like 'digital digging' for reward.