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Mining (Extraction of Resources): In a general sense, mining refers to the process of extracting various natural resources from underground or the surface. These resources can include minerals like coal, gold, and iron ore, as well as energy resources like oil, natural gas, and coal. Mining plays a significant role in transforming raw materials into industrial products.
Cryptocurrency Mining: Cryptocurrency mining involves validating transactions and adding them to the blockchain of a cryptocurrency network. It is a process through which new cryptocurrency coins are created and released. Cryptocurrency miners use powerful computers to solve complex mathematical problems, and in doing so, they secure the network and earn rewards in the form of newly minted cryptocurrency coins.
Cryptocurrency mining, especially for popular cryptocurrencies like Bitcoin, has gained attention in recent years. However, it has raised concerns due to its energy consumption and technological requirements.
