Crypto Mining VS Crypto Validating – Beginner’s Guide

Blockchain technology is a robust network designed to ensure that cryptocurrencies/ digital currencies remain reliable and serve their inception purpose. Learning about blockchain and cryptographic processes is quite fascinating to technology enthusiasts and beginner investors. Generally, cryptocurrencies are released in the blockchain through a process called mining. Although mining adds the blocks onto the chains, a preceding process called validation streamlines everything for mining. What are validation and mining? What differentiates the two? Keep reading to understand the way new…

A Beginner’s Guide to Cryptocurrency Mobile Mining

Crypto Mining, as we all know, is an expensive investment. For instance, to start mining Bitcoin in 2020, you first have to invest in a top-end mining rig costing upwards of $1000, make sure the electricity around your place is cheap, store it in a cool place then connect it to a mining pool. Mining Bitcoin on a smartphone is completely out of the question. It is more or less similar to Ethereum and other top mineable coins out there.…

A Beginner’s Guide to Bitcoin and Cryptocurrency Mining

When Bitcoin launched in 2009, technological and financial experts wanted to see how a digital currency can function. Satoshi Nakamoto, the currency and blockchain creator, introduced proof of work algorithms designed to mine and increase coin circulation. Many blockchains that launched afterward used crypto mining to release new coins.  Crypto mining is primarily the process of gaining new cryptocurrencies by participating in block validation. It mainly involves solving computational puzzles, adding new transaction records to the blockchain, and creating new…