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What is Crypto Mining?

The complication and complexity for ‘mining’ bitcoins stem from its blockchain. This public ledger is designed to support and keep tracks of every single transaction taking place in its network. Every time a transaction is made, a crypto miner in charge of validating and authenticating the information updates the blockchain with that transaction. The process itself involves the miner solving complex mathematical problems with cryptographic hash functions correlated to a block containing the transaction. In the pool, miners are competing amongst themselves to solve the block. The miner earns a small amount of cryptocurrency every time a transaction is authorised.

bitcoin
Bitcoin (BTC) $ 22,778.10
ethereum
Ethereum (ETH) $ 1,554.26
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 0.999361
xrp
XRP (XRP) $ 0.395013
cardano
Cardano (ADA) $ 0.372837
solana
Solana (SOL) $ 23.59
polkadot
Polkadot (DOT) $ 6.15
dogecoin
Dogecoin (DOGE) $ 0.086786
shiba-inu
Shiba Inu (SHIB) $ 0.000011
matic-network
Polygon (MATIC) $ 1.09
tron
TRON (TRX) $ 0.062340
avalanche-2
Avalanche (AVAX) $ 20.37
ethereum-classic
Ethereum Classic (ETC) $ 21.20
uniswap
Uniswap (UNI) $ 6.46
litecoin
Litecoin (LTC) $ 90.26
cosmos
Cosmos Hub (ATOM) $ 12.97
terra-luna
Terra Luna Classic (LUNC) $ 0.000165
chainlink
Chainlink (LINK) $ 6.91
crypto-com-chain
Cronos (CRO) $ 0.077526
stellar
Stellar (XLM) $ 0.089703
bitcoin-cash
Bitcoin Cash (BCH) $ 129.71
vechain
VeChain (VET) $ 0.023099
eos
EOS (EOS) $ 1.05
filecoin
Filecoin (FIL) $ 5.00
tezos
Tezos (XTZ) $ 1.06
decentraland
Decentraland (MANA) $ 0.719493
the-sandbox
The Sandbox (SAND) $ 0.714616
axie-infinity
Axie Infinity (AXS) $ 10.73
elrond-erd-2
MultiversX (EGLD) $ 42.03
chiliz
Chiliz (CHZ) $ 0.132180
bittorrent
BitTorrent (BTT) $ 0.000001
helium
Helium (HNT) $ 2.66
pancakeswap-token
PancakeSwap (CAKE) $ 3.94
enjincoin
Enjin Coin (ENJ) $ 0.435521
zilliqa
Zilliqa (ZIL) $ 0.026722
nexo
NEXO (NEXO) $ 0.808176
terrausd
TerraClassicUSD (USTC) $ 0.021256
arweave
Arweave (AR) $ 10.01
1inch
1inch (1INCH) $ 0.505782
kadena
Kadena (KDA) $ 1.20
yearn-finance
yearn.finance (YFI) $ 7,142.66
link
LINK (LN) $ 41.26
chia
Chia (XCH) $ 44.80
nervos-network
Nervos Network (CKB) $ 0.003657
wazirx
WazirX (WRX) $ 0.187270