How to mine cryptocurrency

[Kate]

The question is very simple. What is mining? Do you invest in cryptocurrency?

[Lolita]

Hi!
I am a cryptocurrency miner. The process of mining cryptocurrency is quite entertaining. With the help of mining software the equipment of the participants of the “digital race” searches for a certain number from a huge array of information. These are not some abstract tasks, but in particular the confirmation of transactions (transfers) of funds within the system. These tasks are formed into blocks. Deciphering the information in a block is done by a matching method – that is what the system needs such a huge computing power for. The miner himself, even if he has great hardware power, cannot find such a number.

• This reply was modified 3 years, 5 months ago by Lolita.
• This reply was modified 3 years, 5 months ago by Lolita.

[Kate]

Thank you for your response. It was helpful to me. I want to start investing professionally, but so far the income is small

[Author]

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