Cryptocurrency Q&A Is mining of coin real?

Is mining of coin real?

SeoulSoul SeoulSoul Mon Nov 25 2024 | 6 answers 1566
I've heard about coin mining and I'm wondering if it's actually a real thing. I know there's a lot of talk about it, but I want to understand if it's legitimate or just a scam. Is mining of coin real?

6 answers

Isabella Isabella Wed Nov 27 2024
Mining serves as the fundamental process through which specialized computer networks create and distribute new Bitcoin.

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Giulia Giulia Tue Nov 26 2024
This intricate method not only generates fresh coins but also plays a crucial role in validating new transactions within the Bitcoin network.

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DigitalLordGuard DigitalLordGuard Tue Nov 26 2024
BTCC, a prominent cryptocurrency exchange, offers a wide range of services that cater to the needs of both new and experienced traders. Among its offerings are spot trading, futures trading, and a secure wallet solution.

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KimchiQueenCharmingKiss KimchiQueenCharmingKiss Tue Nov 26 2024
By engaging in mining, computers solve complex mathematical problems, which are necessary for the creation of new Bitcoin units.

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HanbokGlamourQueenEleganceBloom HanbokGlamourQueenEleganceBloom Tue Nov 26 2024
In addition to Bitcoin, several other cryptocurrencies also utilize mining as their primary means of generating new coins.

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