Haven Protocol
  • Haven Protocol
  • 💻GUI
    • Overview
      • Restore Account
      • Create Account
      • Login
      • Transfer
      • Receive
      • Offshore Exchange
      • Onshore Exchange
      • Nodes
      • Settings
      • Troubleshooting
      • Signature
      • Smart Mining
  • CLI
    • Overview
      • Installation
      • Create Account
      • Restore Account
      • Login
      • Transfer
      • Receive
      • Offshore Exchange
      • Onshore Exchange
      • Nodes
      • Troubleshooting
      • Settings
  • RPC
    • Overview
      • Transfer
      • Transfer Split
      • Offshore
      • Onshore
      • Offshore Transfer
      • Offshore Sweep All
      • Get Offshore Balance
      • Get Transfers
  • FAQ
    • Project Timeline
    • The Protocol
      • What is Haven?
        • What can Haven be used for?
        • How does it work?
          • Transactions
            • What are the transaction fees?
            • How do the transactions work?
          • Haven Assets
            • Can I see the supply of xAssets?
            • What is the supply of XHV and xAssets?
            • How many xAssets will there be?
      • Whats an Oracle?
      • Is Haven private?
        • Why does Haven need privacy?
  • Glossary
  • Overview
    • Airgap
    • Address
    • Address Book
    • Account
    • Atomic Units
    • Block
    • Blockchain
    • Bootstrap Node
    • Bulletproofs
    • Canonically Unique Host
    • Change
    • Clearnet
    • Coinbase
    • Consensus
    • Cryptocurrency
    • Daemon
    • Denomination
    • Destination
    • Encryption
    • Fluffy Blocks
    • Fungibility
    • Kovri
    • Locally Unique Host
    • Mining
    • Mnemonic Seed
    • Node
    • Open Alias
    • Paper Wallet
    • Payment ID's
    • Pedersen Commitments
    • Pruning
    • Random X
    • Remote Node
    • Ring Size
    • RingCT
    • Ring Signatures
    • Scalability
    • Spend Key
    • Stealth Addresses
    • Tail Emission
    • Transactions
    • Unlock Time
    • View Key
    • Wallet
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  1. Overview

Mining

The Basics

The process of cryptographically computing a mathematical proof for a block, containing a number of transactions, which is then added to the blockchain.

Mining is the distributed process of confirming transactions on the public ledger of all transactions, aka @blockchain. Haven nodes use the blockchain to distinguish legitimate transactions from attempts to re-spend coins that have already been spent elsewhere.

Haven is powered strictly by Proof of Work. It employs a mining algorithm that has the potential to be efficiently tasked to billions of existing devices (any modern x86 CPU and many GPUs). Haven uses a variant of CryptoNight Proof of Work (PoW) algorithm, which is designed for use in ordinary CPUs and GPUs.

The smart mining feature allows transparent CPU mining on the user's computer, far from the de facto centralization of mining farms and pool mining, pursuing Satoshi Nakamoto's original vision of a true P2P currency.

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Last updated 4 years ago

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