Just as Bitcoin, Ethereum belongs to the bucket of public blockchains. It's a decentralized ledger that is updated and verified by members of the Ethereum network. The only way to add a new block to the Ethereum blockchain is by mining it. The word “mining” is an analogy borrowed from the process of extracting precious metals as they need to be mined from the ground at the cost of labor and energy.

To mine Ethereum, computers spread around the world compete to solve cryptographic puzzles at the cost of processing power and therefore energy. All you need to mine is the best ethereum miner software 2022.
Any miner that successfully solves the puzzle first is being rewarded with ether (ETH). These rewards pay miners for securing the network, verifying transactions and adding blocks to the blockchain.

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