The process in which high computing power is used to create new units of a cryptocurrency, such as Bitcoin, and verify transactions in a network. This process is essential for the security and functioning of many decentralized currencies.
example
Das Mining von Bitcoin verbraucht weltweit enorme Mengen an elektrischer Energie.
Bitcoin mining consumes enormous amounts of electrical energy worldwide.
Usage tips
English loanword
'Mining' is a word that was borrowed directly from English. In German it is used as a neuter noun ('das Mining') and appears in specialist contexts related to technology and data.
EXAMPLE
Das Mining ist ein sehr rechenintensiver Prozess.
Mining is a very computation-intensive process.
Context clue
To understand the meaning, pay attention to the context. In connection with 'Kryptowährung' (cryptocurrency), 'Bitcoin', or 'Blockchain', it refers to creating digital currency. In connection with 'Daten' (data) or 'Mustern' (patterns), it is about data analysis.
EXAMPLE
Das Mining von Kryptowährungen erfordert spezielle Hardware.
Cryptocurrency mining requires special hardware.
Typical combinations (crypto)
In the context of cryptocurrencies, 'Mining' is often used as part of compounds, e.g. 'Bitcoin-Mining' (Bitcoin mining) or 'Krypto-Mining' (crypto mining). A typical verb combination is 'Mining betreiben' (to engage in mining).
EXAMPLE
Einige Unternehmen haben sich auf das Betreiben von Mining-Farmen spezialisiert.
Some companies have specialized in operating mining farms.
Typical combinations (data)
When it comes to data analysis, the more specific term 'Data-Mining' (data mining) is often used. People also speak of 'Mining von Daten' (mining data) or 'Text-Mining' (text mining) to specify the type of analysis.
EXAMPLE
Mit Text-Mining können große Mengen unstrukturierter Texte automatisch analysiert werden.
With text mining, large amounts of unstructured text can be analyzed automatically.
Compare with
confusable
Mining vs Datenverarbeitung
data processing
'das Mining' and 'die Datenverarbeitung' both have to do with computers and data. 'Datenverarbeitung' is the general term: data is collected, stored, processed, or output. 'Mining' is more specific. With cryptocurrencies, it can mean using a lot of computing power to create new units and verify transactions. In 'Data-Mining', it means searching for patterns in large amounts of data. Learners may confuse the words because computers are working in both cases. If you are talking generally about handling data, 'Datenverarbeitung' fits. If it is about cryptocurrencies or finding patterns, 'Mining' is more precise.
Mining
Für das Mining von Bitcoin braucht der Computer sehr viel Strom.
Bitcoin mining requires the computer to use a great deal of electricity.
Datenverarbeitung
Die Firma verbessert ihre Datenverarbeitung, damit Bestellungen schneller bearbeitet werden.
The company is improving its data processing so that orders can be handled more quickly.