I'm new to cryptocurrency and dont find answers to some question yet.
i tend to compare with stock exchange and get the answers and however failed miserably to get the answers in this way.
what is a mining and how is it fair with those investors who pay 100s or 1000s of dollars to get the coins. where as a techy who have invested some thousand and keep mining different coins and fetch coins.
what is the concept behind mining technology and how is it useful in generating revenue to particular instead of continuing ico as some coins do and some coins dont let mining at all.
i'm cracking head to understand and don't get any answer.
mining is equivalent of digging in caves deep enough to find decent chunks of special ores or gems in crypto world we mine for decent numbers that already exist anonymously to be placed in block chain it can be different for every coin you can see more detailed explanations in wikipedia.i tend to compare with stock exchange and get the answers and however failed miserably to get the answers in this way.
what is a mining and how is it fair with those investors who pay 100s or 1000s of dollars to get the coins. where as a techy who have invested some thousand and keep mining different coins and fetch coins.
what is the concept behind mining technology and how is it useful in generating revenue to particular instead of continuing ico as some coins do and some coins dont let mining at all.
i'm cracking head to understand and don't get any answer.
I find the same answer in internet sir. I know this part as I myself doing etn mining from my laptop although it is not profitable just to learn the process. my question is, why should coins allow to mine as it could effect investors as they think it is cheap to invest one time hardware investment and mine instead of buying from exchange right. so here im missing point.
Because with mining your are securing the network.
You can buy the equipment to mine, but if you know how to put the things together, install the software, start the miner and optimize it to get the most out of it.
It's not hard to put everything together and start mining, but you should ask yourself: How can i improve this so it would give me more profit. Thats the tricky question
