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Most people think of crypto mining simply as a way of creating new coins.
Crypto mining, however, is the process of validating cryptocurrency transactions on a blockchain network and adding them to a distributed ledger. However, the challenge of a digital currency is that digital platforms are easily manipulated. Bitcoin’s distributed ledger, therefore, only allows verified miners to update transactions on the digital ledger.
Technically, mining refers to the computational process of creating more of the finite number of Bitcoins or other altcoins like Ethereum and Litecoin.
Mining is divided into 3 types depending on its method:
Cloud
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