, blew past $4,000 on Monday to hit a new record high. The cryptocurrency is up more than 400% so far this year., that is not the only way to get your hands on crypto cash.Mining serves two purposes: To create new coins and to maintain a log of all transactions of existing digital tokens.
In order to log exchanges of ether, miners run a computer program, which computes millions of math equations. But miners aren't doing all these math problems in a vacuum. They are competing against miners all over the planet to be the first person to verify a block of transactions.. And whoever wins is awarded two newly minted ether. They also get a transaction fee.To mine ether, you'll need to build a custom mining rig.
"They could be in Afghanistan. They could be in Dubai. They could be in Europe or South America," said Leigh. "You're all sharing your resources together, and it doesn't matter where you're physically located."
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