6 Steps To Get Started Mining Cryptocurrencies

Mining cryptocurrencies is by no means a “get rich easy” scheme. Just like any passive income source, it takes time, energy, and capital to cultivate. However, it’s a great way to capitalize on this crazy, viral trend of the past 12 months. Before getting into how to get started mining, let’s go through an overview … Read more6 Steps To Get Started Mining Cryptocurrencies

Cryptocurrency Definitions: Block Reward

block reward

Block reward refers to the new cryptocurrency tokens distributed by the network to miners for each successfully solved block. Essentially, it entails solving a computationally tough math equation to find a new cube, which can be added to a blockchain, and getting a reward of couple bitcoins or other crypto currencies for solving the problem. … Read moreCryptocurrency Definitions: Block Reward

Cryptocurrency Definitions: Mining

What Is Mining Cryptocurrency mining is the procedure whereby cryptocurrency tokens are all released to come to circulation. Let’s examine the process with bitcoin. Essentially, it entails solving a computationally tough math equation to find a new cube, which can be added to a blockchain, and getting a reward of couple bitcoins for solving the … Read moreCryptocurrency Definitions: Mining