You may have heard that it is possible to mine cryptocurrencies. Mining is a process of offering resources to a cryptocurrency network in exchange for a reward. Each network requires different types of resources and can offer different rewards based on network rules. For example, Bitcoin and Ethereum networks use computational resources from miners. This effort requires very powerful energy intensive graphic processors (GPU) to compete for recurring rewards. Other mining projects such as PKT Cash can be mined using bandwidth and a computer processor (CPU), such as a computer, server or mobile phone. While mining requires some technological understanding, it is not as complex as it may seem. Here are the steps to mine cryptocurrency so even as a beginner, you can quickly get started and begin earning. Invest in a Cryptocurrency Mining Setup In order to competitively mine cryptocurrency, you will need a powerful computer. Different cryptocurrencies require different equipment to be successful. In general, the more powerful the equipment, the higher the yields. Therefore, the first step is to invest into the best valued equipment for competitive mining. Bitcoin and Ethereum require powerful GPU equipment to be profitable. There are a lot of resources available to determine the best equipment for mining Bitcoin and Ethereum, such as hardware providers like Bitmain and Canaan. If you are operating powerful GPU or CPU mining equipme...
