Cryptocurrency Q&A
Can AVAX coin be mined?
Can AVAX coin be mined?
BlockProducer
Thu Feb 06 2025
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7
answers
1514
I am interested in crypto mining and want to know if AVAX coin can be mined. I've heard about different coins being mineable and want to confirm if AVAX is one of them.
7 answers
Margherita
Sat Feb 08 2025
This means individuals or entities stake their AVAX tokens to participate in the validation process.
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HanRiverVisionary
Sat Feb 08 2025
Mining Avalanche (AVAX) involves understanding its consensus mechanism.
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WindRider
Sat Feb 08 2025
Avalanche operates on a Proof-of-Stake (PoS) model, which differs significantly from Proof-of-Work (PoW).
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Federica
Sat Feb 08 2025
In a PoS system, coins are staked rather than mined through computational power.
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TaegeukChampionCourageousHeart
Fri Feb 07 2025
Validators are chosen based on the number of coins they have staked.
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