WHAT IS MINING

MINING: A process of record-keeping, done through the use of computer processing power.

There are three primary ways of obtaining cryptocurrency: buying them on an exchange, accepting them for goods and services and mining new ones. Mining is a process of adding transaction records to the public ledger.

It exists so that every transaction can be confirmed, and every single user of the network can access this ledger. It is also used to distinguish legitimate transactions from attempts of re-spending money that has already been spent somewhere else.

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