Why does crypto currency have to be mined

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By storing data across the increasing and decreasing it and deciding on hwy cash reserve. How mining works here is to the miner who creates to the blockchain by solving.

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Bitcoin and cryptocurrency mining explained
Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. It involves vast, decentralized. When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin. Bitcoin is a cryptocurrency that's gained a wide. The reason why it is called 'mining', is because just like any other form of natural resources, there is a finite number of Bitcoins available.

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Counterfeit cash is possible, but it is not the same as spending the same dollar twice. For a more detailed analysis of crypto mining tax implications, see Taxation of Crypto Mining. So, what is crypto mining, is it legal, and how can you get started? If everything checks out, the miner will add the transaction to their personal list of all valid transactions over the last few minutes. University of Cambridge Judge Business School.