Probably everyone has heard about cryptocurrencies at least once, but not everyone knows about mining. This article will help you gain experience in this area of earnings, understand the specifics of the principles of creating a currency. To do this, it is worth analyzing the benefits and prospects of cryptocurrencies.
What is mining
Mining is the creation of new cryptocurrencies using mathematical calculations. They are carried out on computers of different capacities. Calculations take place in a certain algorithm, namely cryptographic, hence the concept of "cryptocurrency". Today, Bitcoin is a popular cryptocurrency.
The payment (or reward) is counted per block. In the early years of the existence of cryptocurrencies, one block was paid for with 50 BTC. This indicator has been declining over the years. For example:
2012 - 25 BTC
2016 and beyond - 12.5 BTC
Thanks to such changes, emission forecasts have appeared. According to the trend, it will decrease to 10 BTC. But don't worry, it will happen by 2040.
How and where does the Bitcoin cryptocurrency come from
Having studied about
