What is crypto mining?

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.

What is group mining?

As opposed to solo mining, group mining is when multiple people mine together. Group mining refers to the practice of multiple people or entities pooling their computational resources to mine together. Miners do this to mine more profitably, share rewards and mitigate security risks.

How do cryptominers post and process crypto transactions?

Cryptominers can post and process crypto transactions through solo mining as well as in mining pools by providing computing power for required complex computational tasks. Indeed, transactions must first be legitimized by miners for completion by solving number puzzles with mining computers.

What equipment does a crypto miner need?

Equipment: Miners require an eWallet and mining hardware and software to perform hash functions for cryptomining. Graphic cards/processors, cloud mining farms or special mining hardware called ASIC are often used to this end. ASICs offer significantly more mining power compared to traditional GPUs/CPUs.