There are many cryptocurrencies available today. While Litecoin and Bitcoin are mined, others are referred to as "AltCoins."
Mining operates on a Proof-of-Work (PoW) concept. Miners use hardware to solve complex math equations.
What is the difference between mining (Work) and staking (Stake)?
| Proof-of-Work (Mining) | Proof-of-Stake (Staking) |
|---|---|
| Bitcoin, Litecoin | Ethereum, Solana |
| Miners validate blocks using energy & hardware. | Validators validate blocks using locked capital (staking). |
| Secure via Energy. | Secure via Economics. |
Use these tools to estimate your profits before buying hardware:
Watch this guide to setup your first miner:
"The power of asymmetric math!"
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