Mining
Create Your Own Bitcoin
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Cryptocurrency mining, or crypto mining, is a method of verifying transactions on a digital ledger for a blockchain using machines with extensive computing power.
Cryptocurrency mining is something any individual or organization can do with adequate hardware and software resources.
Mining creates new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin.
In order to start mining you will need a few things. Firstly, you will need a secure wallet that can hold freshly mined bitcoin. Next you will need software that carries out the task or mining, many of which can be obtained online. Lastly you will need equipment in the form of a powerful computer capable of carrying out the tasks in an efficient manner.
Typically this requires high power graphics cards that are able to process a lot of power. The biggest problems with mining are the need for very powerful equipment and the fact that the rewards specifically with Bitcoin are reduced year on year.
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