What is Cryptocurrency mining?

[SilverLance]

Cryptocurrency mining is the process of using powerful computers to solve complex mathematical equations in order to validate transactions on the blockchain. In return for their computing power, miners are rewarded with new coins as well as transaction fees.

Any other insights on cryptocurrency mining?

 

[deucher]

You wrote very cool and short. I can only add that every 4 years after the halving, the difficulty of mining increases and, accordingly, either a stronger device is required or the payment will be lower

 

[SilverLance]

This is definitely something to keep in mind when considering mining, as it can have an impact on the profitability of the endeavor.