What is cryptocurrency mining?
Cryptocurrency mining is the process in which transactions between users are verified and added into the blockchain public ledger. What is Bitcoin Mining? Cryptocurrency mining is painstaking, costly and only sporadically rewarding. Bitcoin Basics: What Is Cryptocurrency Mining? When someone sends Bitcoin anywhere, we call that a “transaction. Cryptocurrency mining, or cryptomining, verifies transactions for various forms of cryptocurrency and adds them to the blockchain digital ledger. In cryptocurrency networks, mining is a validation of transactions. Miners use special equipment to verify and process transactions on the blockchain.