Mining

Mining is the process by which new coins/tokens are created and transactions are included in the blockchain. The major purpose of mining is to verify cryptocurrency transactions. Once the transaction is included in the blockchain then the miners would receive an incentive/reward.

Mining isn’t easy as it seems to be. The process is time-consuming and requires a highly developed system. Cryptocurrency mining is something any individual or organization with ample resources including hardware and software can do. However, the mining process is quite expensive due to the fact that cryptocurrencies are a volatile resource. Also, mining Cryptocurrencies is super expensive and environmentally draining.