The Best Countries for Crypto Mining Now that China is Out

Cryptocurrency mining remains profitable. However, it has come under significant scrutiny in the past few months. Things took a turn for the worse when the Chinese government hit mining. Continuing its hardline stance on the crypto industry, Beijing cracked down on mining this year. A Long Way Here The nuances between China and mining are pretty interesting. For years, Beijing has made it clear that cryptocurrencies aren’t welcome in the country. It released a circular in 2017 confirming that crypto…

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…

Liquidity Mining – Everything you Need to Know About It

In the world of DeFi, market making is a critical component of growth. Without it, there is no new development. However, the current forms of generating liquidity are inefficient. Liquidity mining is the market’s solution to this problem. Specifically, liquidity mining creates a community-based, data-driven system to generate liquidity in the market. Miners receive rewards for providing liquidity to the sector. The process requires depositing or lending designated blockchain assets. These systems employ a mining mechanism to provide liquidity for…

How to Mine Dogecoin (DOGE): A Complete Guide

Dogecoin was created by Jackson Palmer and Billy Marcus in 2013 as a joke. It was meant to mock altcoin by turning the internet doge meme into a cryptocurrency. Dogecoin's value was significantly low, but Elon Musk, Tesla's founder, tweeted about the cryptocurrency and the tweet went viral. It led to Dogecoin's value going up by 18.5% in less than an hour from $0.003052 to $0.003433. He has also replied to a sarcastic tweet, saying that he only sells Doge.  He…

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.…

Understanding Mining Rewards, Transaction Fees, and Staking Rewards

Since the inception of blockchain technology, the world has been introduced to several terms that not many people may know. Similarly, blockchain transactions include a variety of fees that may confuse the typical crypto user.  Mining rewards, transaction fees, and staking rewards are three of the most critical charges to successful transactions on a blockchain. It is not unusual for users to confuse these three terms and mistake one for the other. So, what are mining rewards, transaction fees, and…

Cloud Mining: Here’s How You Can Mine Bitcoin or Altcoins without the Mining Rigs

From pool mining to solo mining and cloud mining, there are pretty many ways of obtaining Bitcoin. Well, going on point, cloud mining is a form of bitcoin mining that employs a remote datacenter with shared processing power to allow users to mine bitcoins or alternative cryptocurrencies without actually owning or managing mining hardware. In such an arrangement, users need to register on the platform and purchase mining contracts or shares with the mining company running and maintaining mining rigs.…

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…