What Is Mining?
Mining is to the blockchain what prospecting is to gold. It is the process of extracting cryptocurrency from the network. Miners, the people who do the mining, devote time, computer space, and energy to solve complex problems and find transactions on the network that have not been previously recorded.
These transactions are put into large bundles called blocks which are in turn bundle together into a blockchain. The blockchain prevents people from assigning the same cryptocurrency to two or more recipients (a-la writing a.
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Written by Mohan Garikiparithi @ https://www.profitconfidential.com/cryptocurrency/ethereum/how-mine-building-ethereum-mining-rig/ March 12, 2018 Mohan Garikiparithi