Cryptocurrencies such as Bitcoin are decentralized units of trade that rely on a public ledger to keep records of all the transactions that occur. To confirm a transaction on the ledger, one needs a key called hash, which is generated for successfully solving a complex mathematical problem.
. Over the years, as Bitcoin transactions have increased in volume, mining has become more complex, requiring more computational power.With Bitcoin prices having risen manyfold since their inception, mining can be quite a profitable source of income and has attracted small and large players to this space.
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