ASIC

Crypto mining validates transactions using powerful computers in Proof-of-Work (PoW) blockchains like Bitcoin, requiring significant hardware and electricity costs. Crypto staking, conversely, involves locking up existing cryptocurrency in Proof-of-Stake (PoS) networks to secure the blockchain and validate transactions, providing passive income with lower energy use and capital investment.

Cryptocurrency mining is one of the fundamental mechanisms behind many digital currencies. It serves both as a way to validate transactions and as a method of introducing new coins into circulation. With the growth of the crypto industry, mining has evolved from a hobbyist activity to a global enterprise.