Base

crypto mining is the process of validating transactions and adding them to a blockchain. miners use powerful computers to solve complex mathematical problems. when a problem is solved, the miner adds a new block to the blockchain and is rewarded with cryptocurrency.

here’s how crypto mining works step-by-step:

1. transaction verification: transactions are bundled into a block.

2. solving the puzzle: miners compete to solve a complex mathematical problem called a hash function.

3. adding the block: the first miner to solve the problem adds the block to the blockchain and broadcasts it to the network.

4. reward: the successful miner is rewarded with newly created cryptocurrency and transaction fees from the included transactions.

5. repeat: the process continues as new transactions are made, and miners work to add more blocks to the blockchain.

crypto mining requires specialized hardware and consumes a lot of energy, which is why it's typically done by mining farms with large numbers of computers.