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Crypto currency profitability | It eschews mining in favor of a process known as staking, in which people put some of their own cryptocurrency holdings at stake to vouch for the accuracy of their work in validating new transactions. This reduces the size of the reward you'd get for a successful block, but increases the chance that you could at least get some return on your investment. Bitcoin mining can be an energy-intensive process in which computers solve complex puzzles in order to verify the authenticity of transactions on the network. But this take is receiving pushback; scholars, legal firms and some of the biggest players in the crypto industry have argued against this, claiming the rules that apply to stocks and bonds, for example, don't apply as broadly to cryptocurrencies. Sign up. Dive even deeper in Investing. |
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