Asslam o alaikum Everyone!

This is @mubashara here. How are you all? I Hope everyone is doing great, here is my entry for this contest. I wanted to thank you @malikusman1 for this unique and exciting contest. Here we are going to talk about mining of cryptocurrency.

What are crypto mining apps?

Crypto mining apps are the application on the smartphones and computers that allow us through which we can participate in the process of cryptocurrency mining. Crypto mining is a huge process in which there is a blockchain network from which we solve complex problems play games and collect coins and also solve puzzles then we can successfully mind the particular reward of that certain cryptocurrency. We do not need any sort of hardware for the mining of crypto.

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There are special apps that are typically used for processing to mining cryptocurrency such as bitcoins, Ethereum and etc. we can earn that cryptocurrency as a reward and then save it for ourself. There is an important point that crypto mining apps are very convenient and everyone can use it but they consume a large amount of energy of oue devices and we need full battery to use them.

Did you mine any coin? Pls share with us.

Yes I do mine some of the coin these days by the help of one of my friend. So let me share some screenshot of that with you all.

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Firstly here you can see I'm using Hamster coin for mining and second one is On chain and I am hopping for good results from them.

Pros and Cons of mining.

Mining of cryptocurrency have its own advantages and disadvantages as also let's breakdown:

Pros

1-Decentralization

Mining help us to maintain the decentralised cryptocurrency by securing them on block chain

2-Knowledge gaining

Mining allow all the participants to learn about the blockchain technology and too get knowledge that how cryptocurrency work.

3-Benifical Rewards

All the miners win reward by playing the game and save them in the form of coins and then we can withdraw it in our particular currency.

4-Profitable Process

Mining can be a profitable process if it can be done efficiently and especially when the rate of cryptocurrency is very high.

Cons

1-Hight Battery Draining of Device

Mining required a significant amount of our which leads to high power consumption and potentially contributing to environmental concerns.

2-Market Volatility

The value of mining cryptocurrency can fluctuate that can leads to unhappy results.

3-Complex Process

Sometimes mining and we are very complex process and a challenge for the beginers and it also require continuous monitoring and maintenance.

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Friends That was my entry about that topic now I would like to invite my friends @nooruleman, @sualeha and @abdullahw2

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Writer @mubashara

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