Boxmining is about everything cryptocurrencies – Bitcoin, DASH, PIVX Ethereum, Segwits and Hardforks. I’m going to break it down into easy-to-understand chunks – let’s face it there is a crazy amount of cryptocurrency information on the internet. I’ll do the research and break everything down into small digestable sections. Hopefully you’ll find that everything is easy to understand. I think I’m in a good position to do this it’s because I have a science background I did chemistry at Imperial College and I’m also working another industry which is video game production. I actually manage production in a video game company so I’m quite familiar with software development production schedules and also quite a lot of marketing as well I feel like I have quite a lot to contribute here and I hope you guys like my content!
What is Mining?
Mining is a terrible name for what actually happens. The easiest way to understand it is that miners are computers that do “accounting“. This involves turning the computer on 24/h and running a special program. The program then performs “accounting” for a particular network (eg Bitcoin or DASH). This involves putting real-time transactions that happen on the network into a “Ledger” (called the Blockchain). The network then rewards the “accountant” aka miner some currency. It’s all based on a very complicated series of policies and rules, very much like real life accounting.
Disclaimer: Information contained on Boxmining.com is for informational purposes only. It should not be considered legal or financial advice. You should consult with an consultant or other professional to determine what may be best for your individual needs. Cryptocurrency and mining are subject to huge losses and/or gains.
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