Cryptocurrency Mining For Dummies - FULL Explanation

In this video, I explain to you what Cryptocurrency Mining is in plain English and I also go over the main impacts on your profits, different types of rigs, and as well as EIP-1559 and ETH 2.0.

⌚ Timestamps:
00:00 - Intro
00:33 - Cryptocurrency Explained
02:10 - Mining Explained
02:23 - Proof Of Stake vs Proof Of Work
02:23 - Proof Of Work In-Depth
04:02 - Different Types Of Mining Rigs
06:04 - Different Types Of Mining Services
09:03 - What Impacts Your Mining Profits
14:50 - Giveaway Winners - CONGRATS!
16:17 - EIP-1559 & ETH 2.0
19:01 - Wrap-up & Outro

Congrats to the giveaway winners!!

⭐GPU Mining Rig Buying Guide: https://youtu.be/hNqs3Fn8TNo
⭐Ways To Sell Crypto: https://youtu.be/EDyXRf_Ug_U
⭐Ways To Buy Crypto: https://youtu.be/G6y2g_DSpaw
⭐Where To Store Your Crypto: https://youtu.be/Ltr_Llcg6GY