Published January 31, 2023
Have you ever thought about how Bitcoin and other cryptocurrencies generate new coins? Here’s a little food for thought for you.
In this video, TikTok influencer Crypto Cita explains the concept of crypto mining and how it can benefit you.
She explains how every crypto transaction is verified and recorded on the blockchain. Crypto miners are the ones who validate transactions by solving difficult math problems and get rewards in exchange.
Their computers try to guess a random number that solves an equation the system generates. The more powerful the computer is, the more guesses it can make per second, resulting in the miners earning more crypto. After the transaction is complete, the system generates a fixed amount of Bitcoin. It is compensation for the time and energy miners spend solving the math problem. They are also paid transaction fees.
Keep visiting this space for more crypto information from industry experts.
GET YOUR NEWS FEATURED BY Kiss PR Press Release Free PR Service
Release ID: 396967
Prodigy Press Wire
Your brand has a story. Prodigy Press Wire will help bring it to life.
Read More: TikTok Influencer @cryptocita Explains What Is Crypto Mining