Cryptocurrency Q&A
Why is mining expensive?
Why is mining expensive?
SolitudeSeeker
Tue Dec 17 2024
|
7 answers
1624
Mining involves complex computational processes and requires specialized, high-powered hardware. The cost of this equipment, along with the energy consumption needed to run it continuously, makes mining a significant investment.
7 answers
Daniele
Thu Dec 19 2024
The concept of "mining" in the cryptocurrency world involves a significant amount of computational power.
Was this helpful?
301
91
BonsaiBeauty
Thu Dec 19 2024
The process entails utilizing numerous computers to continuously perform at high efficiency.
Was this helpful?
205
31
HanbokGlamourQueenElegance
Thu Dec 19 2024
These computers are engaged in calculation verification tasks.
Was this helpful?
66
49
DongdaemunTrend
Wed Dec 18 2024
To illustrate, let's consider an ordinary "mining machine."
Was this helpful?
170
43
Chloe_emma_researcher
Wed Dec 18 2024
Such a machine has a power consumption of 1596 watts.
Was this helpful?
341
69
Load 5 more related questions
