cryptocurrency.
Mining
Crypto mining is not the same as mining for gold, but it does get you free cryptocurrencies. In the crypto world, mining is the process where a person receives crypto for solving ‘blocks’ of verified transactions
To break it down simply, cryptocurrencies are decentralized; no single authority records transactions that are paid with them. Anyone in the world can record crypto transactions individually, with the person who does first being rewarded. These transactions are recorded after solving complex problems; the person or company who solves it first earns free cryptocurrency. Several individuals and organizations mine for coins for various reasons; doing so specifically for Bitcoin is known as Bitcoin mining.
To set up a mining rig, you need either a graphics processing unit (GPU) or an application-specific integrated circuit (ASIC).
Stacking
Stacking is very similar to mining, but the key difference is that you store coins in a crypto stack and hold them. Stacking is also used to validate a transaction. In mining, whoever solves the problem first gets to record the transaction. In stacking, these are chosen randomly; whoever has more stacks has a better chance of recording it, and the person gets rewarded for recording the transaction. To stake your crypto, you must have a valid account and own a crypto wallet. This is a more environmentally-friendly way to earn free crypto, as only the person chosen records it, rather than thousands of people trying their luck.
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