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What is Crypto mining ? and how does it work ?
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Crypto mining is a digital process where people use computers to solve complex math problems to validate transactions made with cryptocurrencies like Bitcoin.
Here’s how it works 👇👇
• Transaction Verification: Miners check transactions to ensure no one is spending their cryptocurrency twice. It's like keeping a digital record.
• Solving Complex Problems: Miners compete to solve difficult math problems that secure the transaction records. The first one to solve the problem adds a new block of transactions to the blockchain.
• Earning Rewards: As a reward, miners receive newly created cryptocurrency and transaction fees.
So, crypto mining is important for keeping cryptocurrency transactions secure and trustworthy. It's a way to earn cryptocurrency without buying it, but it needs a lot of computer power and electricity.
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