What is a crypto miner?

A crypto miner is software that will allow your computer to receive, solve, and submit hash equations from a mining pool. Some mining software allows you to mine different types of coins and may also have additional features to optimize mining for your specific computer e.g. LHR card workarounds etc.

Can a normal computer be used for crypto mining?

As anyone can get into crypto mining, you can use a normal computer for the job. Unfortunately, with so much competition in the market, it’s unlikely you’ll turn a profit. For Bitcoin BTC 0.0%, miners use ASIC computers which are powerful, tailor-made machines for mining.

How does a cryptocurrency mining system work?

Whichever miner solves the equation first wins the prize: a slice of the digital currency pie. The process then starts all over again. The more miners you have, the larger the profit margin. It’s a nifty system because it keeps the blockchain safe and secure, while miners are rewarded with the cryptocurrency they just mined.

Is crypto mining a gold rush?

Meet crypto mining, the complicated system that runs on hash rates, a race to crack the code and math. Yes, really. If you’re thinking of a traditional mine, stop right there. While crypto mining does feel reminiscent of the 1800s gold rush, that’s where the comparison ends.