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Cryptocurrency mining is the process of verifying and adding new transactions to the blockchain ledger. A blockchain is a decentralized digital ledger that records transactions across a peer-to-peer network. In order to add these transaction blocks to the blockchain, miners compete to solve complex mathematical puzzles that require significant computing power. The first miner to solve the puzzle is rewarded with newly minted cryptocurrency as an incentive to verify transactions. The mining process is essentially the way new units of cryptocurrency are released into circulation and how the network is secured and maintained by miners around the world. Both the puzzle-solving computation and transaction verification make cryptocurrency mining an integral component of decentralized blockchain networks. Cryptocurrency mining has some hardware and software requirements in order to successfully validate transactions and earn rewards. Here are the main requirements for getting started with crypto mining.

Free cryptocurrency mining has become an appealing option for those looking to enter the mining space without large upfront costs. Services like Unmined.com and FreeBitco.in allow users to earn small amounts of crypto through free cloud mining. The way free mining services work is that they use a portion of their computing power to mine cryptocurrencies. In exchange for contributing computing resources, they distribute a share of the mined crypto to users. The amounts earned per user are typically small, but require little effort to accrue. Some key free mining services to check out include:

Unmined - Unmined allows free mining of cryptocurrencies like Ethereum, Litecoin, and Dogecoin in exchange for completing microtasks like surveys and app installs. They have an easy registration process and payouts are made weekly to your crypto wallet.

FreeBitco.in

This popular free Bitcoin cloud mining service has been around since 2013. You can earn by playing games, rolling a virtual dice, or simply leaving the auto mining function running on your account. FreeBitco.in also offers interest on crypto deposits.

Cointiply

Earn coins through a loyalty program by watching videos, completing surveys, installing apps, and more. conversion to Bitcoin is done automatically by the platform.

Stormgain-This site provides a free mining software that lets your computer hardware mine crypto. You’re paid in Bitcoin Gold & STG tokens and can upgrade for higher earnings.

The pros of free mining are that there are no equipment costs and you can start earning immediately. The cons are that payout amounts tend to be small. Free services are best for dipping your toes in and learning, rather than making substantial income. As with any mining endeavor, it's important to do your research before signing up.