What is crypto mining & how does it work?

In short, crypto mining is how new units of cryptocurrency —usually called coins—are created. As you can imagine, this type of mining doesn’t involve callused hands gripping pickaxe handles. Instead, it’s computer processors that do all the hard work, chipping away at complex math problems.

Why is Texas a good place to mine crypto?

Because Texas is such an attractive place to conduct cryptocurrency mining, many of the issues surrounding crypto play out in Texas first. As a result, the state is often on the cutting edge of crypto policy. Crypto initiatives in Texas are important to the industry nationwide because the state is often the canary in the crypto-mine.

What factors affect the profitability of cryptocurrency mining?

In many cases, miners join forces in mining pools. Factors that influence the profitability of mining include algorithms, difficulty rates, hashrates, and reward rates, amongst others. How Do Crypto Blockchains Work?

Why do crypto miners earn a block reward?

Earning a block reward is the primary incentive for crypto miners to continue investing resources in maintaining and validating the blockchain network. Currently, the two most widely adopted consensus mechanism to secure the blockchain are proof-of-stake (PoS) and proof-of-work (PoW).