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What Is Crypto Mining

Mining serves an important purpose aside from lining miners’ pockets and supporting the Bitcoin ecosystem: it is the only way to release new cryptocurrency into circulation. Miners, in other words, are essentially “minting” currency. For example, there were just under 19 million bitcoins in circulation as of March 2022, out of a total of 21 million.

Apart from the coins created by the genesis block (the first block created by founder Satoshi Nakamoto), every single bitcoin was created by miners. In the absence of miners, Bitcoin as a network would continue to exist and be usable, but no new bitcoin would be created.

To earn new bitcoins, you must be the first miner to solve a numerical problem with the correct or closest answer. This is also known as proof of work (PoW). To start mining is to engage in this proof-of-work activity to find the answer to the puzzle.

What Our Customers Say

Excellent communication and support, the miner still runs perfectly after a week of work, not even a breakdown. Will buy again soon.
Nathan N.
Excellent experience from start to finish. Very impressed with communication from confirmation of order, to notification of shipment and expected delivery date. Everything was as advertised, in perfect condition. I was referred by a friend who has used chicago store numerous times, and will refer my friends as well.
Thomas S.
Great service ! My miners arrived fast and in perfect condition ! Thank you very much !
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