Mark Agnor/Shutterstock.comWith the cryptocurrency craze in full swing, you can’t avoid hearing about the people mining these digital currencies—and destabilizing the graphics processor market. Here’s what “crypto mining” actually is. What Is Crypto Mining? In short, crypto mining is how new units of cryptocurrency—usually called coins—are created. As you can imagine, this type of mining doesn’t involve callused hands gripping pickaxe handles. Instead, it’s computer processors that do all the hard work, chipping away at complex math problems. Of course, you may wonder why these digital currencies even need to be mined: after all, it’s make-believe money with no backing except what people will pay for it. Real currency, the kind backed up by governments, can be created by turning on a money printer, so it stands to reason that crypto could do the same. The Blockchain The fact that supply couldn’t be restricted was the main hurdle for cryptocurrency for years: there were many ideas on how to create digital coins,… Click below to read the full story from How To Geek
Read More