Mining cryptocurrency

[rash123]

What is the mining cryptocurrency?

[1714867650]

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[1714867650]

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[1714867650]

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[1714867650]

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[Mayorlopez215]

Mining is a computationally intensive process that computers comprising a cryptocurrency network complete to verify the transaction record, called the blockchain, and receive digital coins in return.

[chathura]

Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.

[boit28922]

The cryptocurrency is verified through the public, the miners, in order to prevent the currency from being abused. The miners must solve the cryptic puzzles and once this is done, the cryptocurrency is generated. The miners compete against each other for solving algorithms and for Bitcoin, that is the SHA 256 Hash hash algorithm. This will connect the new block to its predecessor and a new block can be built. This is the only way cryptocurrency can be created and has different hashing algorithms for different currencies.

[bitmagic1984]

Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released.  Anyone with access to the internet and suitable hardware can participate in mining.  The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released coin.

[rash123]

Thank you for your explanations.. 

[ambnet7]

This is an article that I have refered when I had this problem. Please check below link. Hope it will helpful to you.
https://www.lifewire.com/cryptocoin-mining-for-beginners-2483064