Simplii Crypto

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Cryptocurrency Mining

What exactly is crypto mining?

Crypto mining is the process of validating cryptocurrency transactions and adding them to a public ledger (blockchain). It also involves creating new cryptocurrency coins. Miners use powerful computers to solve complex cryptographic puzzles, and the first miner to solve the puzzle gets to add a new block of transactions to the blockchain and is rewarded with new cryptocurrency. 

Simplii Crypto Cryptocurrency Mining 

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