See Also
ELI5: Why can’t Bitcoin miners use regular computers?
This is a frequently asked, but still very relevant, question in the world of cryptocurrencies. There seems to be a permanent, and very heated, debate involving the future of Bitcoin and one way or another, the discussion always turns to “Satoshi’s original vision”. What was his original vision? Is it the Bitcoin we use today? […]
ELI5: Cryptocurrency Micro Mining
Micro mining is a cryptocurrency mining modality where large quantities of small, and low computing power, devices perform the mining work. The idea stemmed from concepts related to IoT (Internet of Things), but also applies to other mining modalities where users contribute tiny amounts of work against proportional rewards. For example, by using their spare […]
AVAX Staking tutorial – How to begin staking Avalanche [Early AVAX staking, in 2020]
Note: This is an article from Avalanche’s early days, back in 2020, before the mainnet went live! Back then there were no staking instructions available. In fact, we published this tutorial based on our own testnet experience, before it was even possible to move coins on the mainnet!!! We’ve kept this article in its original […]
ELI5 What is cryptocurrency mining?
Mining is the process by which cryptocurrency transactions get verified. The process got its name from the fact that once a block is verified, whoever solved it will earns some coins as a reward, a little like gold mining – there’s a reward for the work. Early Bitcoin Mining When Bitcoin was launched, the idea […]