premine
premine verb: to mine (units of a cryptocurrency) in advance of that currency being made available to the public.
Verb
premine (third-person singular simple present premines, present participle premining, simple past and past participle premined)
- To mine (units of a cryptocurrency) in advance of that currency being made available to the public.
- "Premining" is where the currency creator mines a certain amount of coins for themselves before they release the currency for other miners.2014 June 13, Black Market Cryptocurrencies
- Ethereum and other projects that premine their coins are criticized because control of the cryptocurrency’s supply is potentially more centralized among “insiders” who participated in the presale and could manipulate the price or influence governance decisions. […] The sale documents said that once...2020 November 7, Camila Russo, “Sale of the Century: The Inside Story of Ethereum's 2014 Premine”, in CoinDesk, archived from the original on 17 Jun 2024
Noun
premine (plural premines)
- An instance of premining.
- Podcast host and Bitcoin enthusiast Matt Odell brought up these criticisms in October 2018 and Vitalik responded on Twitter, “I personally am really proud to have helped set the precedent of small premines being legitimate. […]2020 November 7, Camila Russo, “Sale of the Century: The Inside Story of Ethereum's 2014 Premine”, in CoinDesk, archived from the original on 17 Jun 2024
Forms of premine
| Verb | |
|---|---|
| third-person singular present | premines |
| present participle | premining |
| past participle | premined |
| past | premined |
| Noun | |
| plural | premines |
Origin of premine
From pre- + mine.
Questions about premine
- What does premine mean?
- Premine means to mine (units of a cryptocurrency) in advance of that currency being made available to the public.
- What part of speech is premine?
- Premine can be a verb or a noun.
- What is the past tense of premine?
- The past tense of premine is premined.
Words near premine in the dictionary
Source and license
Adapted from Wiktionary: premine (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “premine.” Word.ws, https://word.ws/premine. Based on Wiktionary, CC BY-SA 4.0.