Can someone explain data mining digital currency to me? I’ve read so much but I truly don’t understand it.
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“Data mining” is a different thing from “mining cryptocurrencies”
Data mining is just a term for gathering data
Mining for cryptocurrencies like bitcoin is a computer spending time doing an arbitrary sequence of “random” computations because bitcoin (and most cryptocurrencies) rely on something called “proof of work”. The reasons why that is necessary for those cryptocurrencies is a little complicated
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