Assalam-0-alaikum

How are you all steemians? I hope you all steemians will be safe and sound by the grace of Allah Almighty and I'm fine too Alhamdulillah.

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The mining of cryptocurrency is that method by which the transections are verified and then these transactions are added to the public records and this is then called as the blockchain. Those who mine the cryptocurrencies use computers with powerful technologies for the solution of the difficult problems which are mathematical. And after solving such difficult mathematical problems the miners are rewarded with the coins. The proof of work is well known process of mining of cryptocurrency used by the Bitcoins and many other cryptocurrencies.

Within the increasing technology, the process of mining of cryptocurrency has became significant. Initially, the standard personal computers were used for the mining of the Bitcoin. However, with the advancement in the technology, mining of the cryptocurrency has became difficult day by day and it has became essential to use powerful computers.

This increases the need of ASICs , these are the special devices which are designed for the purpose of mining.By the use of such advanced technological devices, it has made the mining efficient but also the centralisation of the process only with the approach of hardware devices with high performance.

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The shift towards the alternative consensus mechanisms is one of the important trend in the process of mining of cryptocurrency. The method which is PoW is the presiding method. It is criticised because of the consumption of energy and the impact of environmental factors. Many other different cryptocurrencies are accepting the PoS because these required less energy.For example, the proof of stake authorised the users to make their transactions valid just on the basis of those coin numbers which they hold.

The mining of Bitcoin has faced challenge because of the energy consumption. Some miners of the cryptocurrency Bitcoin are trying to explore the renewable sources of energy like wind and solar and these are helpful to decrease the carbon footprints. there are the first steps to use the waste products from the industrial processes for the purpose of mining activities and it will be benifical to promote the sustainability of the cryptocurrency market and mining.

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Regulation scrutiny is also an important factor to enhance the cryptocurrencies minig future. The Worldwide government are trying to take a look at the mining industry. The government in some countries initial the regulations that ban the process of mining but on the other hand the government in some countries are trying to explore such regulations to promote the mining of cryptocurrency.

The advancement in the technology will play important roles in the future of cryptocurrency mining. To revolutionize the mining landscape the innovation in the hard ware such as ASICs and the quantum computers development is very important.These computers have the better potential to solve the mathematical complex problems than other transitional computers.

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The advancement in the technology will play important roles in the future of cryptocurrency mining. To revolutionize the mining landscape the innovation in the hard ware such as ASICs and the quantum computers development is very important.These computers have the better potential to solve the mathematical complex problems than other transitional computers.

In the mining of cryptocurrency the integration of artificial intelligence will play important role. The artificial intelligence will optimise the process of mining of cryptocurrency and improve the efficiency of energy. The artificial intelligence can predict the fluctuations in the prices and it will be benifical for the miners of the cryptocurrencies to determine the good profitable time to sell their coins which they hold.

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Thank you all for reading my post.