Let's go over the basics prior to going into ASIC miners as well as the technical parts. The process of mining cryptocurrency can be described as the procedure of making new digital currencies or tokens. Don't think of the image of a mining rig using a pickaxe to dig through the mountains. Crypto mining takes place using computers. When you mine cryptocurrency using your computer, you make use of its ability to solve difficult math problems. These challenges protect the cryptocurrency network that you are mining, and you get only a tiny amount of the currency in return for.
Think of it as an enormous lottery that runs all the time. Each time your computer completes the puzzle, you may be awarded the prize. For instance miners compete in solving problems on the Bitcoin network. The first to complete it receives a prize in Bitcoin. If you solve more problems can solve (or the quicker your machine is able to solve) you earn more money you can receive.
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