With a fleet of nodes, or a pool, a group of individual miners can combine computational effort, dubbed hash rates, to win block rewards and split the earnings according to contribution. Using standard personal computers as mining equipment is not advisable, as most lack the computational power to handle mining-level processing. Rigs use the latest processors (e.g., GPU, FPGA, or ASIC ) and do little else but serve as a node for the blockchain’s network. The Vehicle for Mining: Nodes, Rigs, and Poolsīlockchains require an expansive network of machines to verify and store transactions to support global cryptocurrencies’ overarching distributed digital ledgers. Is There an Alternative to Crypto Mining?Ĭryptocurrency mining is the process where specialized computers, also known as nodes or mining rigs, validate blockchain transactions for a specific cryptocoin and, in turn, receive a mining reward for their computational effort.What Is the Best Cryptocurrency Mining App?.
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