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RE: What are Cryptocurrencies and Cryptocurrency Mining?
Very interesting. A lot of information here. I am still confused about what mining is but I'm learning everyday so maybe one day I will get it. Thanks for the post. Following, upvoted and resteemed.
There's a documentary about Bitcoin. The Rise and Rise of Bitcoin. It shows people with powerful homemade computers that check transactions against other peoples powerful mining computers and their investment in equipment and electric to run these operation earns them "newly minted" bitcoin. Or that's how I saw it. The coins basically come into being out of thin air. I'm hoping to learn how to explain this to other people with still a limited understanding of how it works. Anyway the documentary tried to explain it! LOL Hope I've not made things more confusing.