What is Cryptocurrency Mining?

What is Mining, Ethereum Mining and Where Does Ether Come From?

 

Mining is a computationally intensive work that requires a lot of processing power and time. Mining is the act of participating in a given peer distributed cryptocurrency network in consensus. The miner is subsequently rewarded for providing solutions to challenging math problems. It is done by putting the computer’s hardware to use with mining applications.

 

Ethereum Mining is the process of mining Ether. Simply put, mining Ether equals securing the network which in turn ensures verified computation.

Ethereum Mining can be done in the comfort of your home. It requires script writing and some knowledge of the command prompt. It is quite easy and exciting once the process is broken down into manageable steps.

 

For more information visit: Ethereum Mining 101