Community Forex Questions
How does cryptocurrency mining work?
Cryptocurrency mining is a process by which a computer can create new cryptocurrency. Mining involves solving complex math problems and running software to find Bitcoin. Bitcoin, as well as other cryptocurrencies, are created through the process of mining where those who participate in this process are rewarded with Bitcoin or other cryptocurrencies. Crypto miners solve many complex mathematical equations to form a bundle of transactions known as a 'block.
Cryptocurrency mining is the process of having computers solve math problems for a certain amount of time to create a new block that will be added to the blockchain. Mining is necessary because it provides the computing power needed to verify transactions, generate funds and keep everything running smoothly.

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