: to create or obtain more units of (a cryptocurrency) through a cryptographic process
But bitcoins also need to be generated in the first place. Bitcoins are "mined" when you set your Bitcoin client to a mode that has it compete to update the public log of transactions. All the clients set to this mode race to solve a cryptographic puzzle by completing the next "block" of the shared transaction log. Winning the race to complete the next block wins you a 50-Bitcoin prize. Tom Simonite
Noun a baseball fanatic who is a mine of fascinating trivia about the game the soldiers were careful to disarm any mines they found in their path Verb The area was soon filled with prospectors who were mining for gold. Prospectors mined the region for diamonds. Local people were hired to mine the gold. The enemy had mined the harbor. See More
Recent Examples on the Web
Noun
Travel is a big hobby of mine, and has become one for my family. Linda Chase, Sun Sentinel, 15 Sep. 2022 This is constantly happening with a relative of mine. Jacobina Martin, Washington Post, 14 Sep. 2022 Having the legendary Greg Kurstin produce any song of mine is always a dream come true. Daniel Kreps, Rolling Stone, 14 Sep. 2022 One is a sense that friends of mine have that our reality is doctored. Deborah Treisman, The New Yorker, 12 Sep. 2022 Compared to other works of mine, this body of work exists as fragments, rather than one single narrative line. Rica Cerbarano, Vogue, 9 Sep. 2022 While at a get-together with old friends of mine, one of them waited until RJ went to the bathroom to ask me about my ex-husband and his well-being. Amy Dickinson, Detroit Free Press, 8 Sep. 2022 Even with so much going on, all eyes were on the clothes (including Janet Jackson’s—an icon and personal favorite of mine). Remi Bader, ELLE, 8 Sep. 2022 While at a get-together with old friends of mine, one of them waited until RJ went to the bathroom to ask me about my ex-husband and his well-being. Amy Dickinson, BostonGlobe.com, 8 Sep. 2022
Verb
This is a weird and wonderfully expansive story, adroitly executed by Morosini with the compassion to mine it for humanism rather than droll, oddball quirk. Ann Hornaday, Washington Post, 2 Aug. 2022 In 1989 Paul Jensen brought sediments from the Bahamian seafloor back to his lab at the Scripps Institution of Oceanography to mine them for medically useful bacteria. Stephanie Stone, Scientific American, 23 July 2022 To mine those environments for humor was important to me to keep the reader engaged and entertained. Michelle Ruiz, Vogue, 18 Aug. 2022 For Bitcoin miners, which can power on and off operations with the flip of a switch, taking ERCOT’s payout rather than continuing to mine Bitcoin during times of tight power supply makes a lot of sense. Eamon Barrett, Fortune, 12 July 2022 Meanwhile, the switch to proof-of-stake will affect thousands of people who mine Ether, many of whom have expended significant capital on the endeavor. Taylor Locke, Fortune, 19 Aug. 2022 Instead, MiamiCoin has primarily served as a volatile asset that makes money for the city government based on its value among investors who mine and trade it on the crypto market. Scott Nover, Quartz, 16 May 2022 Instead of investing in bullion or futures, an investor can purchase the shares of companies that mine and produce gold and perhaps other metals. Bob Carlson, Forbes, 20 Jan. 2022 But aside from the rare battle between Bennets and the undead, Austen's stories mine narrative riches out of relatively mundane goings-on at English manors, among members of a few local families. Scottie Andrew, CNN, 7 Aug. 2022 See More
Word History
Etymology
Adjective and Pronoun
Middle English min, from Old English mīn — more at my
Noun
Middle English, from Anglo-French, from Vulgar Latin *mina, probably of Celtic origin; akin to Welsh mwyn ore
First Known Use
Adjective
before the 12th century, in the meaning defined above
Pronoun
before the 12th century, in the meaning defined above