jason1637 on 14 November 2021
| Paatar said: Could someone in layman’s terms explain “mining†to me? I’ve tried to understand it but I just can’t. How does it get “mined� What’s the process? Why does it consume energy? What’s using energy to mine it? |
Your computer uses a piece of software to do math problems and when a problem is solved you've mined said crypto currency and get a small percentage of the amount of you mined back. This takes up a lot of energy as it's solving complex problems. Some people build PCs with strong gpu's to mine on multiple devices as a form of income. Especially when crypto like Bitcoin are close or at all time highs you earn more from mining.
