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How to start mining?

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  • How to start mining?

    To start mining you need hardware (ASIC for Bitcoin and GPU for other cryptocurrencies) and electricity. Setting up a mining rig is expensive and requires cheap electricity so instead people join mining clouds.Mining cryptocurrency is like mining gold or silver at a mountain. When you start digging into a mountain it's relatively easy but over time you will need more advanced equipment as the process gets dangerous and difficult.

    Mining refers to processing cryptocurrency transactions. Miners get rewarded whenever they process a transaction and solve for a new block.

    The mining process involves solving mathematical problems. These problems get difficult with time. As the difficulty increases the miner would need fast and reliable technology.
    Mining cryptocurrency is like mining gold or silver at a mountain. When you start digging into a mountain it's relatively easy but over time you will need more advanced equipment as the process gets dangerous and difficult.

    Mining refers to processing cryptocurrency transactions. Miners get rewarded whenever they process a transaction and solve for a new block.

    The mining process involves solving mathematical problems. These problems get difficult with time. As the difficulty increases the miner would need fast and reliable technology.

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