What is mining?

Mining is nothing more than an pictorial metaphor.

In simple terms, mining refers to the process of computing the next hash value using computing power. Whoever can calculate it first and notify the whole network to verify, and whoever mines the block, will get the reward for the block. and packaged miner fees.

In depth, a distributed consensus system is used to verify and write all pending transaction records to a public blockchain (BlockChain). You use your mining computing resources (your CPU, GPU and other hardware) to compete with other miners for electronic money. Faster and better performing hardware can often be tried multiple times in a short period of time, greatly increasing the chances of getting a reward.