What Happens to Crypto When No One Can Afford to Mine?
Let’s start with the basics. Cryptocurrency mining is the process where computers compete and “work” to solve mathematical puzzles in order to add new transactions to a distributed ledger. In return for helping secure the network and confirm payments, miners earn newly created coins and transaction fees. The mechanism behind this is called Proof-of-Work (PoW), and many coins use it, including very popular ones like Bitcoin, Monero, and Litecoin. We would say anyone can be a miner, but […]