Cryptomining and the Mining Ecosystem BDC Practice Questions (Page 11)

Questions 51–52

1. 51foundation · easy

   In a Proof of Work blockchain, what are the two primary sources of income for a miner?

   • AInterest on staked coins and network subsidies
   • BHardware resale value and electricity rebates
   • CBlock rewards and transaction fees
   • DDonations from users and advertising revenue
   Reveal Solution Discussion Select an answer first
2. 52application · medium

   A miner is setting up a new rig and wants to connect to a mining pool. The mining software needs to be configured with the pool's address and the miner's credentials. What is the primary function of the mining software in this setup?

   • AIt validates all transactions in the mempool before they are included in a block.
   • BIt adjusts the mining difficulty automatically to maximize the miner's chance of finding a block.
   • CIt translates the miner's work into a format that the pool can accept and submits shares.
   • DIt stores the mined coins in a secure wallet on the miner's machine.
   Reveal Solution Discussion Select an answer first