You’ve probably heard different explanations of “mining,” so let’s break it down in simple terms.
Who Are Miners?
Miners are individuals or companies that keep blockchain networks running by processing transactions and validating data in exchange for cryptocurrency rewards. The more miners involved, the more decentralized and secure the blockchain becomes.
Unlike the traditional internet, where central servers store everyone’s data, blockchain networks rely on independent miners who work together to agree on the blockchain’s information. There’s no central authority in charge—miners maintain the system’s integrity.
How Does Mining Work?
Mining involves using special software on your computer that connects to the blockchain. The network sends your computer "tasks" to solve, and when you complete them, you earn crypto rewards.
Can You Mine Crypto on a Regular Computer?
It depends on the blockchain. Mining Bitcoin, for example, requires highly specialized hardware because the tasks are too complex for standard computers. However, newer blockchains have simpler tasks that can be mined using regular PCs, making it easier for beginners to get involved.
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Related: Learn Crypto Series: What Can You Do with Cryptocurrency?
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