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The cost of mining for cryptocash


Cryptocurrencies have been on a tear these days.

Bitcoin topped $58,000 in February for the primary time. Ether, the world’s second-biggest cryptocurrency, has additionally hit document highs this 12 months.

Even dogecoin — a cryptocurrency invented as a joke that doesn’t have the identical critical perform and institutional backing as bitcoin — surged greater than 50% within the final month after a tweet from Tesla CEO Elon Musk.

It is less complicated than ever to purchase a small fraction of one bitcoin utilizing an app comparable to Coinbase. However, that is not the one manner buyers can get their arms on cryptocash.

Investors can even mine for the digital foreign money. CNBC went to a blockchain manufacturing studio in Brooklyn to learn to mine for bitcoin’s largest rival, ether, earlier than the Covid-19 pandemic began.

Watch this video to learn to mine for cryptocash and to learn how a lot it prices.



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