Crypto currency

However, before you invest the time and equipment, read this explainer to see whether mining is really for you.

 

KEY TAKEAWAYS

  • By mining, you can earn cryptocurrency without having to put down money for it.
  • Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions, which are added to the blockchain.
  • Mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first, and the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.
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