𝗣𝗿𝗼𝗼𝗳 𝗼𝗳 𝗪𝗼𝗿𝗸 𝗺𝗶𝗻𝗶𝗻𝗴 is not considered a security if it meets these criteria:

Decentralization: The network operates publicly and without central authority.

Open access: Anyone can participate in mining without permissions.

Technical compliance: Miners solve cryptographic problems to secure the network and validate transactions.

Fair rewards: Mining rewards are distributed equitably, avoiding practices like pre-mining.

These ensure transparency, fairness, and alignment with U.S. securities laws.