>

Cryptocurrency Mining: Free Money or Foolish Investment?

Understanding Cryptocurrency Mining

Before delving into the potential gains and risks of cryptocurrency mining, it's crucial to grasp its fundamental concept.

The Process of Mining

Cryptocurrency mining involves contributing to the validation and maintenance of a blockchain network, the underlying technology that supports cryptocurrencies like Bitcoin. Miners use specialized hardware to solve complex mathematical equations, adding new blocks to the blockchain and earning rewards in the form of cryptocurrencies.