Mining crypto is something I don’t really understand. I understand that miners are awarded currency for participating in running the massive network that is required. I believe that the hardware needed needs to be incredibly fast to catch and process transactions and make new updates to the ledger.
For the life of me, I fail to see the attraction, the amount of money needed to invest in buying hardware must be huge, and the ongoing electric bills to run the machines has also got to be tremendous. I can only see it work if you had a solar or wind system to produce the power needed and a massive battery backup system to provide power when solar/ wind options are not available.
Is anybody doing this?
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