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Cryptocurrency mining is the process of recording and verifying transactions on a public digital record of transactions, known as a blockchain. To do that, miners solve complex mathematical problems. In return, there is a possibility they will be rewarded with cryptocurrency.
This means that mining not only helps keep transactions verified and secure, but also introduces new coins into circulation.
Mining can be done using specialized software on a personal computer, mobile phone or a computing device that’s specialized for mining. The more powerful the hardware is, the more profitable it would be.
ASICs miners provide the best hash rate per dollar. A hash rate is a measure of the computational power per second used when mining.
Since ASICs tend to be pricey, a beginner miner should start with just a couple of ASICs and then expand the operation.
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