Mining
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Simply a trustless consensus process of maintaining the blockchain, verifying transaction, and issuing new currency, in short becoming a bank. The process is also called mining because the bank is rewarded with coins for the work.
The cost of mining are basically:
- Electricity
- Internet Connection
If these are free, then it’s a guarantee profit. However, do consider resting your computer sometimes.
Algorithms
- Proof of Work
- Proof of Stake
- Proof of Capacity