Posts

Showing posts from June 4, 2018

What Is Cryptocurrency Mining?

There are so many new terms to explore when you’re first discovering cryptocurrency. Everything from blockchain to altcoin, to exchange. There’s always something new to learn. Which brings us to cryptocurrency mining. Mining is a common crypto concept, but it might leave you wondering, just what is mining? Do I have to break out a pickaxe and dive into the nearest mine to get started with cryptocurrency? Not so fast. Mining is a crucial part of cryptocoins, but don’t worry, it doesn’t involve any manual labor.

Here’s a deeper look at the basics of cryptocurrency mining from our friends at Lifewire.com:
Mining cryptocoins is an arms race that rewards early adopters. You might have heard of Bitcoin, the first decentralized cryptocurrency that was released in early 2009. Similar digital currencies have crept into the worldwide market since then, including a spin-off from Bitcoin called Bitcoin Cash. You can get in on the cryptocurrency rush if you take the time to learn the basics properl…