Money Talk

Can anyone teach me about crypto currency?

Submitted by Zerlingg, , Thread ID: 64163

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RE: Can anyone teach me about crypto currency?

#2
From my understanding, what makes a cryptocurrency so secure are the same very users. You download a software to "mine", which means letting your PC do calculations to check that every transaction is secure and there's no cheating whatsoever.

While you mine, you get a small fee per block of transactions verified.

Nowadays mining isn't just worth it, as profits don't exceed costs most of the time.

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