What is crypto mining?

With the cryptocurrency craze in full swing, you can’t avoid hearing about the people mining these digital currencies—and destabilizing the graphics processor market. Here’s what “crypto mining” actually is. What Is Crypto Mining? In short, crypto mining is how new units of cryptocurrency —usually called coins—are created.

What does k mean in crypto?

The constant, represented by “k” means there is a constant balance of assets that determines the price of tokens in a liquidity pool. For example, if an AMM has ether (ETH) and bitcoin (BTC), two volatile assets, every time ETH is bought, the price of ETH goes up as there is less ETH in the pool than before the purchase.

What is a hash in crypto?

A hash is a random set of characters and numbers which, with the right key, reveals the original message; it’s a basic part of cryptography and is where the “crypto” part of “cryptocurrency” comes from. In a way, crypto mining is really just solving these incredibly complicated mathematical puzzles. Do it fast enough, and the reward is a coin.