Cryptocurrency mining has gained traction over the past few years as people increasingly look to improve accessibility to those who are unbanked, the ability to send and receive payments to or from anyone around the world, and lower transaction times. Additionally, it can be an effective and lucrative enterprise for those who are technically inclined.

If you are considering mining cryptocurrency, here is what you need to know about the world of cryptocurrency, why mining is critical, and the equipment required to run a successful business.