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This process of reward for work is called proof of work. A young boy barely 12 years old named erik finman started purchasing bitcoin at $12 each back in may 2011. In a more technical sense, cryptocurrency mining is a transactional process that involves the use of computers and cryptographic processes to solve complex functions and record data to a blockchain. On the first day of the launch of a cryptocurrency, the cryptocurrency has no existing coins. Best bitcoin mining pools what is cryptocurrencies hashrate?
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On the first day of the launch of a cryptocurrency, the cryptocurrency has no existing coins.
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But how does the crypto mining process work?
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But what is a mining pool? Someone requests a transaction to pay for a product or service. How does cryptocurrency mining work? English is my second language. But how does the crypto mining process work?
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How does cryptocurrencies mining work?
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