CryptoURANUS Economics: Mining Rig: Defined in CryptoCurrency

CryptoCurrencies


Wednesday, August 8, 2018

Mining Rig: Defined in CryptoCurrency

Mining Rig: Defined in CryptoCurrency


Mining rigs are defined as computer specially designed to maintain the blockchain, this process is known as mining.



Mining is the process of using computer power to solve a complex math problem, review and verify information, and create a new block so the information can be added to the blockchain.


Mining requires expensive mining and a lot computer power. People buy rigs and pay for lots of electricity so they can earn cryptocurrency. Because rigs are built especially for mining, they do the job faster than other computers and can earn more.

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