What is Cryptocurrency Mining and Cryptocurrency Wallet

Q)   What is Cryptocurrency Mining?

Ans) A Process of verifying and adding the transaction of Cryptocurrency to the public ledger by solving the series of Mathematical Equations using the Computer, this process of solving the mathematical equation, verifying the transaction and adding the new transaction to the public ledger is called Cryptocurrency Mining.

Q)   What is Cryptocurrency Wallet?

Ans)  As we all know that in today's world all the people are having the Wallets to store our Fiat Currency in our pockets. Like that, the Coins generated by the mining of cryptocurrency will need a place to store the coins securely, because this currency is not like a fiat currency we can touch and feel it and store it in our leather wallet, that's why to store these coin securely Cryptocurrency wallets takes place.

  Before buying any Bitcoin or Mining your Bitcoin on your computer you must have a Bitcoin Wallet.

Q)   How to Create BITCOIN Wallet?

Ans)   Website where you can create a Bitcoin wallet.

Click on Create Wallet.

 

 Q)   How to Mine BITCOIN?

Ans)   There are several types of mining, Computer (CPU) mining, GPU Mining and Cloud Mining. 

1.   Computer mining :- Mining through Computer's CPU   
   
2.   GPU Mining :- Mining Through Graphics card.
   
3.   Cloud Mining :- Mining Through Cloud Base Servers.
   
   
   
   
   In our next Post we discuss about 
   How to Mining Bitcoin and  EARN Money