What Is Crypto Mining and How Does It Work?

As crypto ownership increases internationally, more people are exploring ways to buy, earn and trade cryptocurrency. Buying crypto on centralized exchanges like Bybit is currently the predominant way of obtaining cryptocurrency. Decentralized exchanges are another popular option.

However, in addition to buying cryptocurrency, you might also earn it in several ways. One popular way to earn crypto is mining.

What Is Crypto Mining?

Cryptocurrency mining refers to the process of contributing your computer’s processing resources to securing the network consensus on a blockchain.

By participating in crypto mining, you can help a blockchain platform keep its operations free from hostile takeovers, spam, and attempts to centralize the operational control in the hands of a small number of network agents.