Crypto mining is among the most lucrative investment avenues in the cryptocurrency world. The process involves complicated processes and mathematical computations of verifying and validating transactions while adding new blocks to a blockchain network. The process is rampant and most profitable in the Bitcoin network, which has a proof-of-work consensus mechanism. However, this new Bitcoin alternative crypto project threatens to change this monopoly.
Is crypto mining profitable?
Cryptocurrency mining is a lucrative deal. However, the process is closely associated with underlying virtual mining limitations. Bitcoin is the largest proof-of-work consensus mechanism characterized by the mining process. Although the project heavily rewards network validators, it faces many challenges. For instance, the process consumes a lot of energy to solve complex computational tasks, hence consuming high amounts of electricity.
Secondly, mining is also energy intensive, requiring sophisticated equipm
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