What are the benefits of mining crypto?
In: Technology
Statistically they’re very slim. Essentially you’re spending time and electricity participating in a lottery against millions of other computers hoping to hit the jackpot. If you do hit the jackpot you’re awarded with the transaction fees involved as well as the right to create some number of crypto from the void and give to yourself.
It’s generally not a very good bet given the odds of you winning by yourself are very slim, but it’s not impossible if you want to spend that time and electricity.
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