What is mining in crypto?

Key Takeaways: Mining, in the crypto lexicon, is the process of verifying transactions on a blockchain using computer equipment, while earning cryptocurrency in return.

Will New York ban cryptocurrency mining?

New York just became the first state to ban certain types of cryptocurrency mining in an effort to address environmental worries over the energy-intensive process.

Is cryptocurrency mining worth it?

Cryptocurrency mining is painstaking, costly and only sporadically rewarding. Nonetheless, mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens.

What do I need to get started with cryptocurrency mining?

You'll also need a crypto wallet to store the keys for the cryptocurrency you earn from the mining efforts. Once you earn something from the mining process, the mining software will move the rewards to the crypto wallet address you specify.