What is cloud mining and the 3 best reliable sites to start with

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Lack of legalization of cryptocurrencies in many countries: There are many countries around the world - including most Arab countries - that do not yet authorize the use of digital currencies, or at least many of their transactions and uses, as mining digital currencies in Egypt, for example, is a crime that is punishable by law. . Read also: What are cryptocurrencies? Cryptocurrency, Digital Currency, cryptocurrency, Electronic Currency, or digital currencies are all synonyms for one meaning.

Cryptocurrencies are currencies that do not have any physical basis. They are Telegram Number Data produced, traded and used for purchases through the Internet most often. It is traded in a peer-to-peer or peer-to-peer manner, meaning there is no intermediary in dealing (unlike regular currencies in which banks are the intermediary to deal with). Digital currencies are decentralized currencies, meaning that there is no governmental or regulatory entity responsible for managing or issuing them, and trading in cryptocurrencies is recorded and monitored by miners. 2. How do digital currencies work? Digital currencies such as Bitcoin and others work through a technology called Blockchain. You can learn about it in depth through our dedicated article on the site.




It also depends on the idea of ​​mining to obtain it. In order to start extracting digital currencies, you must obtain high-speed computers with the ability to solve mathematical problems from which you can obtain digital currencies such as Bitcoin. But mining is not the only way to obtain digital currencies. You can buy them directly on the Internet, or you can sell your products or services in exchange for them. 3. Are cryptocurrencies legal? Yes and no, it depends on the country you live in and its laws. In many countries now, it is allowed to use, mine, and trade digital currencies. But in some countries, such as the Middle East, there is a criminalization of digital currencies in general, or at least a criminalization of their mining.