Overview

Cr t urr n mining is n t k ng, tl , nd nl sporadically r w rd ng. N n th l , m n ng h a m gn t appeal f r m n nv t r nt r t d n cryptocurrency because f th fact that m n r r r w rd d for their w rk w th r t t k n . This m b because ntr r n ur l t m n ng as pennies fr m h v n, l k C l f rn g ld prospectors in 1849. And f u r technologically n l n d, why not d t? Key Takeaways By mining, you n rn r t urr n w th ut having to put d wn m n f r t. B t n m n r r v Bitcoin as a reward for completing bl k of verified tr n t n wh h are added t the blockchain. M n ng r w rd r paid t th m n r wh d v r a solution t a m l x hashing puzzle first, and th r b b l t th t a rt nt will b the n to discover th lut n is related t th rt n f the t t l mining w r n th network. Y u n d th r a GPU (gr h processing un t) or an application-specific nt gr t d r u t (ASIC) n order t t u a m n ng r g. However, b f r you invest the t m nd equipment, read this explainer t whether m n ng really for you. We w ll f u r m r l n Bitcoin (thr ugh ut, w 'll u Bitcoin when referring t th network r th r t urr n a n t, nd b t n when w 'r r f rr ng to a u nt t of nd v du l t k n ). Th primary dr w for m n m n ng the r t f being r w rd d w th B t n. Th t said, u rt nl d n't h v t b a m n r to wn cryptocurrency tokens. You n l bu cryptocurrencies u ng f t currency; you can tr d t on an exchange l k Bitstamp using n th r r t ( n x m l , u ng Eth r um or NEO to bu B t n); u v n n rn t b shopping, ubl h ng blog t n l tf rm that pay users in r t urr n , r v n set u interest-earning r t unt . An example f a r t bl g platform is Steemit, wh h k nd f like M d um except that u r can reward bl gg r b paying them n a r r t r r t urr n ll d STEEM. STEEM can th n be tr d d elsewhere f r B t n.

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