Does arweave work for mining?

Any valid Arweave wallet address will work for mining. For example, you can use a wallet that was generated in the Arweave web extension for mining purposes -- you just need the wallet address. If you want to install the web extension you can do that here: Chrome, Firefox, or Brave.

What is arweave (AR)?

One of these projects is Arweave, a data storage protocol based on the Proof of Access (PoA) block verification method and a derivative of a blockchain called blockweave. Arweave’s native cryptocurrency, AR, trades at $80. It has a circulating supply of around 33 million tokens and a market cap of $2.66 billion.

Is it legal to mine arweave data?

Data storage laws vary country to country. Failure to adhere to these laws may entail substantial legal risks for the miner. Please only participate in mining Arweave data if you have understood the legal implications of doing so and consider seeking legal advice. Download the .tar.gz archive for your OS from the releases page.

How does arweave store data?

To store data in the blockweave, you must pay fees in AR tokens. Arweave miners receive these tokens in exchange for mining new blocks, which obligates them to store data. However, transaction fees do not go entirely to miners. The majority of the transaction fee is allocated to a storage “endowment,” which is distributed to miners over time.