Entering Crypto Mining Late? You’re Paying a Hefty Price! #shorts

Entering Crypto Mining Late? You're Paying a Hefty Price! #shorts

Crypto mining is how some cryptocurrencies—like Bitcoin—process transactions and mint new tokens. It involves specialized hardware running software that solves a proof-of-work puzzle, using significant computing power and electricity.

The system makes it difficult to manipulate transactions on the blockchain for dishonest gains, like double-spending. It also rewards miners for solving the puzzles, making it uneconomical to try to cheat the network.

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