Whats mining in crypto

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Readers like you help support. As a result, the market for GPUs was practically destroyed, hearing about the people mining the units they could get their hands oneven stealing them.

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What is Bitcoin Mining for Beginners - Short and Simple
Cryptocurrency mining is a process of creating new digital "coins." However, that is as far as simplicity goes. The. Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify. Bitcoin mining is the process by which transactions are verified on the blockchain. It is also the way new bitcoins are entered.

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This reward process continues until there are 21 million bitcoin circulating. However, it is legal in the US, and most countries, but not all US states allow the same. As bitcoin and the blockchain concept were relatively new, mining was left to hobbyists on a discovery path. However, they are expensive, meaning that, as mining difficulty increases, they quickly become obsolete. Though individual miners using desktop systems played a role during the cryptocurrency's early days, the Bitcoin mining ecosystem is dominated by large mining companies that run mining pools spread across many geographies.