How to do mining in crypto? Back to list

Member SinceJul 08, 2021

Posts 240

Wilburn

Nov 10, 2021 a 02:26
I am new to cryptocurrency and would like to learn more about it. According to what I've heard, mining requires powerful electrical hardware. Despite the fact I don't want to do that, I want to know that mining affects the overall volume of a particular currency. If anyone knows how this works, please let me know.

Member SinceJul 12, 2021

Posts 239

meni78

Nov 16, 2021 a 07:14
As you said you will need very powerful computers in order to engage in mining. Basically you would be involved in building the blockchain - that is data will be added as transactions are made on the network and the computers will be recording such transactions as well as validate them, and as a result resources are accumulated and new crypto coins get generated.

Member SinceJul 12, 2021

Posts 241

Fiba

Nov 20, 2021 a 18:55
Mining is a crucial process to the world of cryptocurrency. Combining computer processing power, an internet connection, and a special mining software, you can mine for various coins. Mining can be done in one of three ways: Solo mining, mining pools, or cloud mining.

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