# How does crypto mining work?

# The mining technique is used for a cryptocurrency that is on proof of work

# or which works on a proof of work technique. It basically solves complex problems

# and verifies and adds new transactions to the blockchain.

# In simple words basically, itâ€™s a way to create new crypto coins.

# There are three major concepts of blockchain that describe how do mining work.

# SHA-256, Proof of work, Public distributed ledger

# bitcoin mining necessitates the solution of extremely difficult mathematical equations.

# These equations are cryptographic with the key to solving each problem being

# single alphanumeric string known as a target hash. A target hash begins with a string

# of zeros then random letters and digits such as 000000000000002

# To calculate these equations quickly miners must use specific technology.

# A human can achieve it alone while bitcoin mining used to be possible with less

# expensive hardware such as a CPU in your computer or laptop.

# The incentive to mine bitcoins is highly appealing. A bitcoin mining payment is

# given in the form of a bitcoin each time when a miner solves an equation &

# receives a block to verify. The current reward for mining a block is 6.25 BTC

# which is over two hundred thousand dollars at the time of this story.

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