Mining Cryptocurrency: 10 Common Questions Answered
Mining cryptocurrency has its similarities and differences with mining for gold.
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.
What Does Mining Cryptocurrency Mean?
Blockchain is the foundation for cryptocurrencies such as Ethereum and Bitcoin.
How do you Mine Cryptocurrency?
Cryptocurrency is mined by having a computer process complex computations to verify transactions.
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.
Is Mining Cryptocurrency Legal?
While mining and transacting cryptocurrency in the USA is not illegal. However, users could use it illegally.
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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