what is coinbase mining

Coinbase mining is a new phenomenon in the blockchain industry that has the potential to revolutionize the way we mine for cryptocurrency. The concept of mining for cryptocurrency was first proposed in 2012 by a group of engineers at Coinbase. Instead of mining for physical gold or silver, miners work to solve complex puzzles on the blockchain. They use a special type of computer called a mining rig to solve these puzzles, and they earn cryptocurrency in the process. The difficulty of the puzzles increases as the number of computers working on the blockchain increases, which makes it increasingly challenging to solve.