Crypto mining is one way to earn additional income as part of the rapid development of the digital world today.

Mining requires computers to utilize their high-powered hardware and software to solve complex mathematical equations.

However, mining these crypto-assets can even now be done via mobile phones as technology advances. How do you do it? Check it out in the following review.

What is Crypto Mining?

Before discussing how to do mining on a cellphone, it’s a good idea for you—especially for beginners in the crypto world—to understand first what crypto asset mining is.

For information, crypto mining is another term for bitcoin mining, defined as obtaining bitcoins by mining them. As for “mining” itself means mining.

In practice, this method of mining bitcoin is an attempt to find and collect digital currency, which is done by solving complex mathematical problems.

As mentioned above, to carry out this mining activity, the principal capital is needed in the form of sophisticated computer equipment. The process itself can be likened to gold mining activities.

However, the difference is that mining crypto assets are done digitally with super-sophisticated computer devices and internet connections that many people do globally.

How Does Crypto Mining Work?

Before finding out how crypto mining works, you have to know about crypto mining, which consists of a network of GPUs that make up a supercomputer.

This kind of mine is needed to do crypto mining because the mathematical equations to open a blockchain are complicated. An ordinary personal computer or laptop would take millions of years to solve just one equation.

Therefore, crypto miners—or “miners”—usually assemble some super-sophisticated computer to mine crypto assets. This computer is then used to solve equations using hashes in the blockchain generated by crypto transactions.

Hash itself is a set of characters and numbers that can be read if it has been successfully solved. This system is an essential part of cryptography, so the term cryptocurrency is derived from that system.

Regarding the mining activity, if the mathematical equation is successfully solved, the miner will get coins as a prize.

What is Blockchain and its Relationship with Crypto Mining?

It is also essential to know that crypto mining is closely related to blockchain networks. This is because of one exciting fact: digital currencies are very easy to manipulate, so it becomes a challenge that will hold back the development of this latest currency.

Therefore, blockchain was born as a solution. For information, decentralized blockchain as it is today was coined by Satoshi Nakamoto in 2008 ago. Blockchain theory itself is also quite complicated.

In general, a blockchain is a chain of blocks containing a certain amount of cryptocurrency in each block. Crypto mining itself is required to open a partnership by validating a block and entering it into the blockchain chain.

The blockchain itself must also be limited. Most cryptocurrencies limit the amount that can be circulated, for example, as much as 21 million for the oldest and most popular crypto asset, Bitcoin.

All coins on the blockchain will be recorded in a large file called a ledger, which anyone can access. The ledger will also show data regarding when a coin was mined, owned, and to whom this asset changed hands.

In this case, the ledger will record the results of mining and coin transactions in the blockchain. In addition, it also clearly summarizes the identity of the miner or coin buyer.

As explained above, mining cryptocurrencies is complicated if you use a computer processor. In previous years, mining activities could only be done with laptops or desktop computers, which were known to absorb a lot of processing power and generate significant heat.

The purpose of making this applications on mobile phones is to allow people to mine these digital assets without buying expensive equipment.

To add to your knowledge reference in the crypto world, keep reading for other recent reviews from Indodax Academy.