You can’t have Bitcoin without mining. Even if you have gotten your head around what cryptocurrencies like Bitcoin actually are, you’d be forgiven for wondering what Bitcoin bitcoin mining average income is all about. It’s far removed from the average Bitcoin owner these days, but that doesn’t change how important it is.
It’s the process that helps the cryptocurrency function as intended and what continues to introduce new Bitcoins to digital wallets all over the world. It’s the process by which transactions conducted with Bitcoin are added to the public ledger. It’s a method of interacting with the blockchain that Bitcoin is built upon and for those that take part in the computationally complicated activity, there are Bitcoin tokens to be earned. Want to learn all about altcoins like Litecoin, or Ethereum?
We have guides for those too. The basics of mining Cryptocurrency mining in general, and specifically Bitcoin, can be a complicated topic. Mining is a risky process though. It not only takes heavy lifting from the mining chips themselves, but boatloads of electricity, powerful cooling, and a strong network connection. The reward at the end isn’t even guaranteed, so it should never be entered into lightly. Bitcoin works differently from traditional currencies.