You know what it looks like… but what is it called?
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: my
—used before a word beginning with a vowel or h or sometimes as a modifier of a preceding noun —archaic except in an elevated style
singular or plural in construction
mined; mining
6
: 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
: to dig a mine
miner
noun
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Merriam-Webster unabridged
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