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RE: LeoThread 2023-06-27 07:13

in LeoFinance • 2 years ago

1/🧵The process known as crypto mining is to validate and testify and add the transaction on a blockchain network, ledger.
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That's a very cool infographic!

Thank you for liking.

The first thing you need to do is choose a cryptocurrency. Bitcoin is the most well-known cryptocurrency, but it is challenging to mine and involves a lot of time and money.

2/🧵 CPU mining, or Central Processing Unit mining, is cryptocurrency mining that involves validating transactions on a blockchain network via the solution of challenging mathematical problems.

3/🧵 Graphics Processing Unit (GPU) mining is a technique for mining cryptocurrencies that uses a computer's graphics card(s) to harness its processing power.

4/🧵 Doing the math on the potential profits and losses of crypto mining before getting started is essential. Consider the price of new gear, running costs, cooling options, and necessary repairs.