how mining works

Hi there, little buddy! Today, we're going to talk about a super cool topic called "mining." No, I'm not talking about digging for gold or coal – I'm talking about the process of creating new digital currencies like Bitcoin! That's right, miners help create money!

First things first, let's understand what "crypto" or "crypto-currencies" are. They're like electronic money that you can use on the internet to buy things or send to your friends. Some popular ones are Bitcoin, Ethereum, and Litecoin.

Now, let's get down to business! Mining is like a big competition where lots of people (or computers) try to solve a super hard puzzle. The first one to solve it gets to create new crypto money, and they get a little reward too.

Here's how it works:

1. There's a big list of transactions (like when you send or receive crypto). This list is called the "blockchain."
2. Miners try to solve the puzzle by figuring out a special code that locks up all the transactions in a "block."
3. When a miner solves the puzzle, they get to add their block to the blockchain and create new crypto money.
4. The miner who solved the puzzle also gets a small amount of the new crypto money as a reward.
5. Everyone else checks to make sure the block is correct and agrees to add it to the blockchain.

This whole process helps keep the crypto money safe and secure, so people can trust it when they use it to buy things online. And that's what mining is all about!

I hope you enjoyed learning about mining, little buddy! Next time, maybe we can talk about how to buy some of this cool crypto money for yourself. Read from source...

Penny Stocks

### What the Professionals Say About Stock:

NOW’s latest consensus EPS estimate is $0.65, which suggests that the stock is overvalued by -83.7%. In addition, the stock's EPS estimate for the next financial year is $1.46, which equals a price-to-estimated-EPS ratio of 77.7.

### Stock Price News:

Since the market’s close, shares of ServiceNow have been trading in a range of $875.18 to $886.64. The stock has fallen -1.73% in the past hour and 1.69% in the last 20 minutes. Since the start of the trading session, the stock has been in the -2.12% range. Currently, the stock is trading at -2.12% below its 52-week high and 57.96% above its 52-week low.

### What Should Investors Do?

Investors are advised to use put options to hedge their positions in NOW, as the stock's recent movement suggests that it may continue to decline. This could lead to significant losses for shareholders, so it is important to take steps to protect your investment.

### The Bottom Line:

The recent movement in NOW suggests that the stock may continue to decline, which could lead to significant losses for shareholders. To mitigate these risks, investors are advised to use put options to hedge their positions in the stock.

neutral

## Bitcoin miner CleanSpark produces 1,508 BTC in June, up 40% from a year ago

Emerging as a player in the Bitcoin mining industry, CleanSpark (CLSK) has recently reported its production data for June 2023. The company has seen its production increase by 40% when compared to the same period last year, producing a total of 1,508 Bitcoins during June 2023.

CleanSpark's increase in production can be attributed to the company's effective deployment of its bitcoin mining equipment. The firm has managed to grow its operational hash rate to over 5.6 EH/s (exahashes per second), which is over 10% of the current global hash rate for bitcoin mining.

The company's strategy of acquiring additional mining equipment and upgrading its existing hardware has enabled it to become more energy efficient and increase its production. CleanSpark's active hashing capacity is now over 2.1 million ASIC (application-specific integrated circuit) machines.

CleanSpark's progress in the bitcoin mining industry demonstrates the potential for growth in this sector, particularly as more efficient mining hardware becomes available.

In recent news, CleanSpark has announced its plans to purchase up to 2,000 more S19j Pro Bitcoin miners from Bitmain. These additional miners are expected to increase CleanSpark's overall hashing power, further solidifying the company's position in the competitive bitcoin mining landscape.

As CleanSpark continues to expand its operations and invest in new mining equipment, it is poised to become a significant player in the bitcoin mining industry. With its focus on efficiency and growth, the company has the potential to continue increasing its production and strengthening its position in the market.

Overall, CleanSpark's strong performance in June 2023 highlights the ongoing growth and development of the bitcoin mining industry. As more companies invest in efficient mining equipment and expand their operations, the industry is likely to continue evolving and expanding in the years to come.

Here is a summary of the key details from the news:

1. CleanSpark has produced 1,508 Bitcoins in June 2023, representing a 40% increase from the same period last year.
2. The company's operational hash rate has grown to over 5.6 EH/s, which is over 10% of the current global hash rate for bitcoin mining.
3. CleanSpark's active hashing capacity is now over 2.1 million ASIC machines.
4. The company has announced plans to purchase up to 2

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### AI:
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