May 20, 2019· Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain. Mining is done by running extremely powerful computers (known as ASICs) that race against other miners in an attempt to guess a specific number.
If you're not certain if you can make profits from cryptocurrency mining, the answer is probably 'no.' Most profitable operations have enormous sunk costs, including wholesale purchases of energy, cooling and ASIC machines. Cryptocurrency Mining Profits: Spend Money To Make (A Little) Money