cryptocurrency holders gain their digital assets. There are various options to obtain crypto assets. The most popular ways are just buying them, or participating in the processes of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">mining, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-yield-farming/">yield farming</strong></a>, or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-staking/">staking, among many others. Generally speaking, <strong>the majority of users collect cryptocurrencies by simply mining them</strong>.&nbsp;</p>\n<p>In order to understand the term mining, let&rsquo;s have a look at <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin as an example. In Bitcoin mining, miners validate a transaction by adding blocks so it could be added to the blockchain. In order to validate such a transaction, you require a computer, internet connection, and a blockchain software program. It can turn out to be somewhat of a pricey venture if you want to gain large profits.</p>\n<p>This is where <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-group-mining/">group mining</strong></a> comes in. It can be defined as <strong>a space where a group is able to mine together</strong>.&nbsp;This mining solution offers many benefits like using fewer resources such as electricity or space, among other things. Usually, more than one person is mining on the mining farm.</p>\n<p>In essence, <strong>a mining farm is an area designed specifically for cryptocurrency group mining</strong>. Said area could be a room, a basement, or even an entire warehouse. A mining farm is a sort of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-pool/">mining pool</strong></a> with miners that are located in the same space. These spaces are equipped with massive power supplies and additional maintenance tools like air conditioning and fans to keep the temperatures of the equipment down. If you live somewhere with low temperatures, you could save large amounts of money on energy consumption costs when it comes to cryptocurrency mining.</p>\n<p>Moreover, you&rsquo;ll need to invest a decent amount of money in order to start your own mining farm, maintain it, and expand it when needed.</p>","level":"medium","meta_title":"What is Mining Farm? Definition & Meaning | Crypto Wiki","meta_description":"Mining Farm meaning: Mining Farm - is a space where a group is able to mine together.","meta_keywords":null,"language":"en","created_at":"2022-03-23T15:16:52.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-mining-farm"},"prevSection":{"id":548,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Minecraft?","slug":"what-is-minecraft","section":"M","keyword":"Minecraft","status":"published","definition":"is a video game designed in two modes: survivability and creation.","content":"<p><strong>Minecraft</strong> is a 3D video game based on breaking and creating various blocks in order to survive and/or build.</p>\n<p>The game was officially released in 2011 and has maintained a stable player base ever since. However, it boomed in popularity in 2019. There are various factors that come into play here, but some of the credit is also given to Pewdiepie.&nbsp;</p>\n<p>Minecraft players can choose to engage in two different game modes: survival or creative.</p>\n<p>The survival mode allows players to experience in-game life by collecting resources, cooking food, building houses, and even <strong>defending themselves from various creatures</strong>. Additionally, survival mode has its own unique feature - hardcore mode. While playing in hardcore mode, players can&rsquo;t respawn. Meaning they lose all of their progress if they die and are forced to start all over again.</p>\n<p>The creative mode does not have any of the survival mode features. Players won&rsquo;t have to take care of their character&rsquo;s needs or engage in fights to stay alive. Instead, they will have every resource at their fingertips in order to build anything they can think of. Players can challenge themselves to build entire worlds based on a single concept such as a Harry Potter universe.&nbsp;</p>\n<p>The main difference between these modes is that the survival mode tests your endurance and survival skills while providing a real challenge. On the other hand, <strong>the creation mode tests the bounds of your imagination</strong> as you can create virtually anything on Minecraft.</p>\n<p>It&rsquo;s easy to add your own mods to Minecraft, or those provided by other community members. Anything that your mind can think of, can be implemented without much difficulty.</p>\n<p>Minecraft has two versions - one is programmed in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-java/">Java, and the second one is programmed in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-c-plus-plus/">C++. The latter version stands out since it enables cross-platform play so you can enjoy the game on any device.</p>","level":"medium","meta_title":"What is Minecraft? Definition & Meaning | Crypto Wiki","meta_description":"Minecraft meaning: Minecraft - is a video game designed in two modes: survivability and creation.","meta_keywords":null,"language":"en","created_at":"2022-03-23T15:13:21.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-minecraft"},"currentChapter":"M","currentSection":"what-is-mining","chapterTitle":"M","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-mining","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
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Crypto Terms: Letter M

What is Mining?

Mining MEANING:
Mining - an activity of verifying transactions and adding blocks to a blockchain.
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Let's find out Mining meaning, definition in crypto, what is Mining, and all other detailed facts.

Mining is a process of verifying transactions and adding blocks to a blockchain. Besides that, it’s a way to create new crypto assets.
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