MInig of Cryptocurrency

Mining.

Mining Rigs to Mine Cryptocurrency

Now let’s talk about mining. In Digital Currencies mining is usually referred to as bookkeeping, and miners are usually called accountants, and miners are responsible for running the blockchain. If the mining stops, the blockchain stops. Because miners not only create new blocks, they verify transactions and create new coins. These are the 3 basic functions of mining Digital Currencies.
Hash Function
Mining uses the hash function and it serves as a hook to connect the new block to the old one. There are several types of mining when it comes to the technical aspects: Proof of Work, Proof of Stake, Delegate Proof of Stake, and others. The basic ways to mine are (1) Corporate Farms that have huge mining centers the size of factories with thousands of machines to mine the coins, and (2) Private Miners. There are two main types of hardware used to mine Digital Currencies: ASIC and GPU. They are getting more expensive and they consume more and more electricity. Beware of and avoid cloud mining. There is Genesis mining and others that are usually based on reselling you electricity at a much higher price than they are getting it, and it is normally not profitable this way.