What is CRYPTO MINING? [Bitcoin Mining EXPLAINED SIMPLY]



What is crypto mining and Bitcoin mining? In this video, you will learn what crypto mining is, how it works, and why crypto mining is profitable.

Cryptocurrency is like regular currencies except that they are digital and generally operate on a blockchain, which is a network of computers that process crypto transactions. This is unique to the federally issued currency of a central bank, because with cryptocurrencies, the network determines how much crypto is issued, and no one else. This makes crypto and their underlying blockchain technologies very unique in the finance space.

Cryptocurrencies belong to networks that process crypto transactions, like Bitcoin and its network. If you MINE Bitcoin, you are maintaining the bitcoin network and rewarded with cryptocurrency as a reward if you successfully complete a block on the blockchain. Crypto mining allows for everyday people to be involved with the greater consensus network, while also being rewarded for doing so.


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If you have any questions about Cryptocurrency, crypto, the blockchain, or anything else covered in this video, please let us know in the comments below.
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What is CRYPTO MINING? [Bitcoin Mining EXPLAINED SIMPLY]

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Disclaimer: The information contained herein is for informational purposes only. The speaker is not a financial advisor. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. Do your own research before investing. The speaker does not guarantee any particular outcome. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

#crypto #beginners #blockchain

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3 thoughts on “What is CRYPTO MINING? [Bitcoin Mining EXPLAINED SIMPLY]

  • April 26, 2022 at 8:17 am
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    Mrs Nelly is legit and her method works like magic I keep earning every single week with her new strategy

    Reply
  • April 26, 2022 at 8:17 am
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    Really well explained, thank you 😊

    Reply
  • April 26, 2022 at 8:17 am
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    Also worth mentioning that your profitability while mining will be impacted by the energy costs to run your rig.

    Reply

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