PROOF OF WORK (POW)
Proof of work (PoW) is a consensus mechanism that requires miners to solve complex mathematical problems to validate transactions and create new blocks.
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Mining economics refers to the financial and economic aspects of the mining industry, including resource extraction costs, commodity pricing, and supply-demand dynamics. In trading, mining economics significantly influences the price of minerals and energy commodities, like gold, silver, or oil. Traders assess mining company profitability, regulatory changes, and commodity market conditions to forecast price movements. Shifts in mining economics can impact stock prices of mining companies, ETFs, and related sectors in global markets.