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  2. The Basics of Cryptocurrency Mining, Explained in Plain English

    www.aol.com/news/basics-cryptocurrency-mining...

    Here's everything you need to know about how virtual currencies are "mined."

  3. GPU mining - Wikipedia

    en.wikipedia.org/wiki/GPU_mining

    The increasing demand of GPU mining and purchases caused a worldwide shortage that continued into 2021 until production finally caught up in 2023, [8] [9] With mining firms going bankrupt, increase regulations enforced, and the main cryptocurrencies switching to a "proof of stake" algorithm, the GPU mining for cryptocurrency became highly ...

  4. Cryptocurrency - Wikipedia

    en.wikipedia.org/wiki/Cryptocurrency

    An increase in cryptocurrency mining increased the demand for graphics cards (GPU) in 2017. [77] The computing power of GPUs makes them well-suited to generating hashes. Popular favorites of cryptocurrency miners, such as Nvidia's GTX 1060 and GTX 1070 graphics cards, as well as AMD's RX 570 and RX 580 GPUs, doubled or tripled in price – or ...

  5. Bitcoin protocol - Wikipedia

    en.wikipedia.org/wiki/Bitcoin_protocol

    A diagram of a bitcoin transfer. The bitcoin protocol is the set of rules that govern the functioning of bitcoin.Its key components and principles are: a peer-to-peer decentralized network with no central oversight; the blockchain technology, a public ledger that records all bitcoin transactions; mining and proof of work, the process to create new bitcoins and verify transactions; and ...

  6. Explainer: What common cryptocurrency terms mean - AOL

    www.aol.com/finance/explainer-common-crypto...

    Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. ... A halving is a process that cuts the mining rewards in half roughly every four years to reduce the ...

  7. How to do cryptocurrency mobile mining - AOL

    www.aol.com/news/cryptocurrency-mobile-mining...

    Cryptocurrency mobile mining is possible, but it comes with a long list of reasons not to do it. Moreover, mining on your smartphone doesn’t even come close to traditional mining hardware or ...

  8. Bitcoin - Wikipedia

    en.wikipedia.org/wiki/Bitcoin

    Bitcoin mining facility with large amounts of mining hardware The mining process in bitcoin involves maintaining the blockchain through computer processing power . Miners group and broadcast new transactions into blocks, which are then verified by the network. [ 66 ]

  9. How to do cryptocurrency mobile mining - AOL

    www.aol.com/news/cryptocurrency-mobile-mining...

    Yes, crypto mining is a thing, and to take it one step further, you can mine on your smartphone. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: ...

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