With the new world entering into the digital economy, we have cryptocurrency, heavily traded and used for a lot of use cases, whether it be for legal transactions or trading in the shadow world, due to not being able to trace it.
From time to time, we will hear about massive scale cryptocurrency mining, or more specifically bitcoin mining (since it is skyrocketing in trading), or someone be bitcoin miners. The whole purpose is to invest the time and equipment “mining” cryptocurrency without having to put down money for it (except your investment of the equipment and time). Successful mining will receive Bitcon as a reward for completing “blocks” of verified transactions, which are added to the blockchain. Current 1 bitcoin is equal to USD 46,426.70 (now you know why the effort is focused on bitcoin mining). For bitcoin mining will need extensive of GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) (more power efficient) in order to set up a mining rig, and it typically will setup in large scale, and required huge electricity power (this is why you will see bitcoin mining operation will be very sensitive to migrate or relocate from one place to another, to get the better electricity billing and rate).