Hash mining refers to the process of solving complex mathematical problems to validate and secure transactions on a blockchain. Miners use powerful computers to perform calculations, competing with others to find a solution to a specific hash. This solution proves that a certain amount of computational work has been done, validating the transactions in a block.When a miner successfully finds the correct hash, they add the new block to the blockchain and receive a reward, typically in the form of cryptocurrency. This process not only contributes to the security and integrity of the network but also introduces new coins into circulation.The difficulty of these mathematical problems adjusts over time to ensure that new blocks are added at a steady rate, maintaining the network’s stability. Hash mining is energy-intensive, as it requires significant computational power, leading to ongoing discussions about its environmental impact and the sustainability of such practices.

China Reaffirms Strict Oversight on Virtual Currencies at Financial Street Forum
China’s central bank reiterated its tough stance on virtual currency activities as the 2025 Financial Street Forum Annual Meeting opened

