♻️ FAQs by New Traders
🟢 How do you mine cryptocurrency?
🔰 Some cryptocurrencies reward those who verify the transactions on the blockchain database in a process called mining. For example, these miners involved with Bitcoin solve very complex mathematical problems as part of the verification process. If they’re successful, miners receive a predetermined award of bitcoins.
🔰 To mine bitcoins, miners need powerful processing units that consume huge amounts of energy. Many miners operate huge rooms full of such mining rigs in order to extract these rewards. As of late 2022, running the Bitcoin system burned as much energy as a medium-sized country.
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