Mining

Mining is a process of verifying cryptocurrencies’ transactions and adding them on a blockchain network through certain cryptographical operations. These operations are done by users (“miners”) who provide the computing power to the blockchain network.  After verifying the transaction, miners earn some amount of cryptocurrency as a commission. Over time, mining becomes more complicated as it requires more computing power and, therefore, appears less profitable for individual miners. That is why miners tend to form pools and redistribute the commission between all the members of a pool.

 

For more information please visit:

https://www.bitcoinmining.com