Litecoin and how to Mine
Litecoin mining became more profitable over the course of 2020 and remained on roughly the same level in the early months of 2021. During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain. When this process is completed, the miner receives cryptocurrency as a block reward. The underlying dynamic is that machines with more computing power - or hashrate - are likely to validate the blockchain faster, and therefore mine more cryptocurrencies.
What is Crypto Mining?
Yesterday, I had a golden opportunity to explain how mining works to someone genuinely interested in the crypto space. This person had no knowledge of mining and very very little knowledge of crypto in general. This person was in the financial field and needless to say, would love to understand how crypto was/is going to impact her market, and let me tell you ~ I flubbed it.
Click the link below to goto the story of how I flubbed my explaination.
https://www.linkedin.com/pulse/what-crypto-mining-preston-lee-mba
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