Mining Cryptocurrency: 10 Common Questions Answered
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Mining cryptocurrency has its similarities and differences with mining for gold.
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There is a whole emerging industry dedicated to mining cryptocurrency. Why is that, what is crypto mining, and how do you mine are all good questions to ask when relating to mining cryptocurrency.
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What Does Mining Cryptocurrency Mean?
Blockchain is the foundation for cryptocurrencies such as Ethereum and Bitcoin.
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How do you Mine Cryptocurrency?
Cryptocurrency is mined by having a computer process complex computations to verify transactions.
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What is a Crypto Currency Rig?
A cryptocurrency rig is simply a computer that has been set up for mining. There are two common types of crypto mining rigs.
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Is Mining Cryptocurrency Legal?
While mining and transacting cryptocurrency in the USA is not illegal. However, users could use it illegally.
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How Much Can you Make Mining Cryptocurrency?
The payout of cryptocurrency mining depends a lot on the power of your mining rig. The current reward is 6.25 BTC per block.
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