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Crypto mining

Crypto mining is the process of using computers to generate cryptocurrency. This currency can be used to purchase goods or services. Mining is carried out by processing transactions on the blockchain in exchange for a reward to the miner.

A cryptocurrency is a sort of digital currency whose existence can be verified by processing a sequence of mathematical functions. The rules by which these functions are solved are called the crypto-mining algorithm.

Mining as a process refers to using computers to solve those complex mathematical problems under the assumption that such problems will be rewarded with additional digital currency.

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