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RE: Steemit Crypto Academy Contest / S9W5 - "Cryptocurrency Mining".

in SteemitCryptoAcademy • last year

Hi @hmorillo2021 you have tried your best in exploring the whole topic.

You have defined cryptocurrency mining in a good way as well as it's working. Cryptocurrency mining is actually validating the transactions and producing the new blocks by solving the complex puzzles and mathematical equations.

Different blockchain networks uses different mining methods as bitcoin uses proof of work PoW consensus and steem blockchain uses delegated proof of stake.

Indeed there are a lot of benefits and importance of mining cannot be denied as it is necessary to prove the transparency of the blockchain and to place the transactions in the blockchain ledger.

There are many challenges regarding the cryptocurrency mining and it is not an easy job. It needs a lot expenses and energy to mine. And market volatility affects mining the most.

On the whole you have tried to explain in a good way keep up the good work. Please have a look at my post. Thanks!

last year in SteemitCryptoAcademy by
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    Mining has its challenges, but for those who have good capital and join a mining pool, they can benefit. Of course, other forms of mining are more accessible to those of us who do not have computer resources or stability in the electrical network or the Internet. I really appreciate your visit and I wish you success in the contest!
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      I agreed with your points dear fellow. It is sure money attracts money.

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         last year 

        Por favor @mohammadfaisal no realice este tipo de mensajes. Estas copiendo y pegando este mensaje en diferentes publicaciones. Esto puede ser penalizado y si sigues con esta práctica tu cuenta será silenciada.

        Muchas gracias y saludos

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