Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. … In order to be competitive with other cryptominers, though, a cryptocurrency miner needs a computer with specialized hardware.
In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. A “share” is awarded to members of the mining pool who present a valid partial proof-of-work.
A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency. Most coins have an official wallet. In order to use cryptocurrency, you’ll need to use a cryptocurrency wallet. Some wallets are built for a single cryptocurrency, some can be used for more than one coin, some wallets you’ll manage yourself, and some (like those found on exchanges) will be custodial.
We’ll create a Belgian cryptocurrency and focus movement efforts consecutively on (1) crypto enthusiasts who don’t mind dirty code hands and setting up first draft miners, (2) crypto lovers who believe in the BFR concept and want to spread it, (3) crypto newbies who can now use it to buy fries and (4) everyone.
Digital currencies are the way of the future. Unfortunately, for most of us they are too weird: scary because of all the speculation and confusing because of technological controversy). We’ve created BeFrank (or BFR) to educate fellow Belgians on cryptocurrencies in a clear and practical way.
TycheCash is part of the larger ecosystem of BlockchainNeXT. BlockchainNeXT is going to be an interconnected blockchain system which includes smart contract and identity verification systems. It is the cash part of the whole ecosystem which incorporates a “cash” (anonymous) currency. TycheCash has been launched first mimicking the real world economic evolution and the rest of the system will follow soon.
The minimum requirements to start mining cryptocurrency is just a PC
Hosted BeFrank (BFR) miningpool, join our pool and mine your BeFrank cryptocurrency today!
Hosted TycheCash (TYCH) miningpool, join our pool and mine your TycheCash cryptocurrency today!