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Crypto Mining For Dummies | Tyler Bossetti

Wealthy Way

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What Is Crypto Mining?

Crypto mining is essentially you as an individual, and or your business. You are verifying the transactions on the block chain. So if i sent bit coin to ryan, a third party miner would have to verify that transaction. Because sending bit coin is is peer to peer, right? Well, in order for that transaction to go through and to confirm that it's actually 100 % verified and legitimate, a minor, a computer, is solving this garithm,. In return, you're getting rewarded with x amount of bit coin.

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