Tech Explained: Cryptomining

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At Springwise, we have seen how cryptocurrency has grown in popularity. We have covered a number of innovations that seek to make cryptocurrency more accessible, including a TV that mines cryptocurrency and a cryptocurrency baseball game. Around the world, hundreds of thousands of specialised computers have been built to mine cryptocurrency. Mining is not only a way to earn cryptocurrency tokens such as Bitcoin, but it also authenticates cryptocurrency transactions and keeps the whole system of cryptocurrency running. So, how does cryptomining work? The purpose of cryptocurrencies is to provide a way to exchange tokens (digital money) without having to…

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