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As cryptocurrencies continue to gain mainstream credibility, many savvy individuals are trying to become a part of the market. One way to do that is to have a PC builder like Microworx in Rochester, NY, construct the hardware you need to mine Bitcoin or other types of coins. Since the cryptocurrency landscape is complex, here are a few common questions customers about the process. 

PC Builders Explain Cryptocurrency Mining

What Are Cryptocurrencies?

Cryptocurrencies, like Bitcoin and Ethereum, are alternate currencies that live exclusively online. The transactions are completely encrypted, private, and unmediated by major banks. Instead, the transactions are processed regularly through digital ledgers known as blockchains. 

What Is Cryptocurrency Mining? 

“Mining” is the act of facilitating payments of cryptocurrencies. Since there is no central bank of this type of currency, the system relies on a decentralized network of high-powered computers to process the transactions. As a reward for helping the system, you can earn coins through mining. 

How Can I Do It?

pc builderYou’ll need a specialist to outfit you with a computer capable of mining. That usually requires custom work by PC builders who understand the digital coin landscape. Once the computer is operational, you’ll need special software that knows how to seek out mining opportunities. 

Is It a Safe Investment?

Over the last several years, the value of cryptocurrencies has continued to rise, with some investors notching record gains. While the coin market fluctuates unpredictably, it has secured a place in the world economy. While you can add an income stream through mining, your returns will be closely linked to the amount of computer power you can access. 

To get started mining cryptocurrency, reach out to the PC builders at Microworx. Their team of computer specialists will also help you with any repairs or data recovery needs you have. They have been in business for 25 years and have a large selection of products for you to browse. Call (585) 271-0050 or visit their website to learn more about the company. 

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