Cryptocurrency mining software is the method used to create new cryptocurrency and add components to an existing blockchain. Once mined, new cryptocurrency is validated and belongs to the mining party as a reward for contributing to the blockchain. Cryptocurrency mining technology utilizes the processing power of a computer’s graphics processing unit (GPU) to assist in finding blocks. Most mining today is done through a mining pool, which shares resources over a network and distributes the reward.
Cryptocurrency mining software utilize the processing power of site visitors or application users. Other tools dedicate local server resources to mining pools. Companies can use these tools to generate cryptocurrency of their own.
To qualify for inclusion in the Cryptocurrency Mining Software category, a product must: