Cryptocurrency Q&A
Is crypto mining real money?
Is crypto mining real money?
Lorenzo
Thu Mar 28 2024
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6 answers
1618
Excuse me, I'm a bit confused about this concept of crypto mining. I've heard it can generate income, but is it really making real money? I mean, is it like printing money out of nowhere? And how does it work? Is it legal? I'm really interested in understanding this better. Could you explain it to me in a way that's easy to understand? I appreciate your help.
6 answers
Sara
Sat Mar 30 2024
In December 2022, this reward was equivalent to approximately $105,000, considering the Bitcoin price hovering below $17,000.
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CryptoLordGuard
Sat Mar 30 2024
The mining reward for Bitcoin decreases periodically, but currently stands at 6.25 BTC.
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Lucia
Fri Mar 29 2024
BTCC's services aim to simplify the crypto experience for users, while also ensuring the highest levels of security and compliance.
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Giovanni
Fri Mar 29 2024
Bitcoin pays out a mining reward whenever a new block is incorporated into the immutable ledger of transactions.
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Valentina
Fri Mar 29 2024
This mining process is crucial for maintaining the integrity and security of the Bitcoin network.
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