Continued from Blockchain Investment -- Part III
The last session was on acquiring more of crypto coins or tokens via staking and the last installment of this Blockchain Investment is on acquiring crypto coins or tokens via mining.
4. Mining
In mining, hardware is very much needed. Before getting into more about crypto mining, one need to remember that mining is an essential and critical component in a blockchain network. Mining serves 2 purposes for the blockchain network. The first is to discover new coins/tokens and bring them into circulation. The second is to verify, confirm and consensus every transactions in the blockchain network so as to maintain the blockchain ledger. The underlying of mining is to solve a computation puzzle of the blockchain. To reward and incentive miners, winner for solving the puzzle will be rewarded with portion of the coins/tokens. It is through these rewards and incentives that people are mining for the coins....