Terenval Crypto Glossary · Русская версия

Bitcoin mining

Definition: Bitcoin mining is the process in which miners assemble candidate blocks, perform Proof-of-Work calculations and compete to produce a valid next block.

A successful miner can claim the block subsidy plus eligible transaction fees through the block's coinbase transaction.

How this concept appears in Terenval Wallet

Terenval Wallet is a user wallet, not mining software; Bitcoin balances and confirmations shown in the wallet depend on blocks produced by the Bitcoin mining network.

Important: Mining rewards and wallet balances are separate concepts; ordinary wallet users do not need to mine in order to hold or transfer BTC.

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Sources and review

Published and technically reviewed by Terenval; product claims are first-party information.