Preface of Cryptocurrency <\/strong><\/span><\/p>\n Every country has its own currency.<\/span><\/p>\n Out of them few currencies have enabled for international trading like US Dollars.<\/span><\/p>\n Some currencies have their limits upto some countries like Ponds and Euros.<\/span><\/p>\n Due to these limitations, most of the paper money cannot enable for international transactions.<\/span><\/p>\n \u00a0<\/span><\/p>\n Cryptocurrency is a digital currency.<\/span><\/p>\n As you use search engines like Chrome, Firefox, Mozilla etc.<\/span><\/p>\n As you use social media like Facebook, WhatsApp, Instagram etc.<\/span><\/p>\n They do not have countries boundary.<\/span><\/p>\n So as on cryptocurrencies do not have countries boundary.<\/span><\/p>\n \u00a0<\/span><\/p>\n First cryptocurrency was released as open-source software in 2009 named Bitcoin.<\/span><\/p>\n In 2020 most of the tech lovers know Bitcoin.<\/span><\/p>\n In 2040 more than 150 counties will use cryptocurrency as international currency.<\/span><\/p>\n Therefore, cryptocurrency or digital money is the future money.<\/span><\/p>\n \u00a0<\/span><\/p>\n Cryptocurrency is a\u00a0digital money and digital asset.<\/span><\/p>\n It\u00a0is also known as\u00a0crypto currency\u00a0or\u00a0crypto.<\/span><\/p>\n It is\u00a0designed to work as a\u00a0medium of exchange.<\/span><\/p>\n Paper money and coins are recorded in accounting ledgers but cryptocurrency is recorded in computer database by using strong cryptography.<\/span><\/p>\n \u00a0<\/span><\/p>\n Cryptocurrency typically does not exist in physical form like paper money.<\/span><\/p>\n Paper money is issued by the central bank of the country but cryptocurrency is not issued by a central authority. <\/span><\/p>\n Paper money is centralized\u00a0digital currency\u00a0and\u00a0central banking\u00a0systems.<\/span><\/p>\n But, cryptocurrencies use\u00a0decentralized control.<\/span><\/p>\n \u00a0<\/span>\u00a0<\/span><\/p>\n Generate of cryptocurrency is known as mine, mining, minted or created. <\/span><\/p>\n When a cryptocurrency is minted or created prior to issue by a single issuer, it is generally considered centralized. <\/span><\/p>\n When implemented with decentralized control, each cryptocurrency works through\u00a0distributed ledger\u00a0technology.<\/span><\/p>\n This technology is known as a\u00a0blockchain; it serves as a public financial transaction database. <\/span><\/p>\n \u00a0<\/span><\/p>\n (a) Solo mining <\/span><\/b><\/p>\n Individual person can mine cryptocurrency; it is known as solo mining.<\/span><\/p>\n For this purpose, one must need heavy investment on hardware and software.<\/span><\/p>\n He\/she needs Gaming PC, GPUs (graphics processing units), heavy graphic cards, many hard discs, cooling fans, high speed internet, technical knowledge etc.<\/span><\/p>\n <\/p>\n (b) Organization mining<\/span><\/b><\/p>\n There are more than 8,000 organizations who are mining cryptocurrencies.<\/span><\/p>\n Out of them, hundreds are trading their cryptocurrency on crypto-forex platform.<\/span><\/p>\n Processing of solo mining and organization mining is same but organization mining need large investment.<\/span><\/p>\n They need billions of US Dollars to investment.<\/span><\/p>\n \u00a0<\/span><\/p>\n \u00a0<\/span><\/b><\/p>\n Keep in Mind <\/span><\/b><\/p>\nWhat is Cryptocurrency?<\/span><\/b><\/h2>\n
Cryptocurrency Mining <\/span><\/b><\/h3>\n
![\"\"](\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2020\/12\/Solo-Cryptocurrency-Mining.jpg\")
<\/span><\/p>\n![\"\"](\"https:\/\/eponlinestudy.com\/wp-content\/uploads\/2020\/12\/Cryptocurrency-Mining-in-an-Organization.jpg\")
<\/p>\n