Cryptocurrency It's Journey, Part 2. Crypto Mining
Crypto mining in layman language is, the process by which cryptocurrencies like bitcoin and spurprotocol use to mint new coins, verify and secure their Blockchains
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🕒 7:04 PM
📅 Aug 01, 2025
✍️ By kihole
Crypto mining began on 3rd January 2009 when miners began minting bitcoin. Nakamoto mined the starting block of the chain, known as the genesis block. Let's go back in time and understand how certain Cryptocurrencies were minted and the specific machines used for Mining.
1. BITCOIN
- Bitcoin Mining began on 3rd Jan 2009, with the Famous pseudonymous Satoshi Nakamoto mining the first block of this chain.
- Prior to Bitcoin's launch, there were few digital cash technologies, a good example is the crash protocols of David Chaum and Stefan Brands.
- The first Bitcoin was Minted using regular computer processors or rather CPUs. Anyone in possession of a computer could easily mine Bitcoin. For a while, cryptocurrency and CPU mining remained a toy for geeks. But this didn't go for long, more processors joined mining and this triggered the complexity change algorithm built into the code. In short the more miners the more difficult it became to mine Bitcoin.
- It Didn't take long for mining to become a commercial enterprise. ArtForz was the first to launch a mining farm using GPUs, or video cards. With the introduction of Video cards mining became more efficient and effective. But on the same time mining became harder because not many people could afford such high tech machines.
Today mining Bitcoin is as expensive as impossible.
2. DODGECOIN.
- "Dogecoin was created in late 2013 by Jackson Palmer and Billy Markus as a fun, lighthearted alternative to other cryptocurrencies like Bitcoin." Dogecoin's code was based on Luckycoin, which itself was a fork of Litecoin, a cryptocurrency derived from Bitcoin. "
- Dogecoin's implementation differs from its predecessors: It was originally forked from Litecoin, then refactored to Bitcoin. Dogecoin's target block time is 1 minute, as opposed to Litecoin's 2.5 minutes and Bitcoin's 10 minutes.[5]
- In 2014 Dodgecoin adopted merge mining with Litecoin which allowed users to mint both tokens simultaneously. Initially mining reward system involved a randomized reward for each mined block. But in 2014 mining rewards was changed to static reward, and miners would receive a fixed reward for every block they mined.
- In the early days mining dodge was so simple since one only needed a Computer with enough disk space and a gaming GPU. mining pools for Dogecoin miners equivalent to those already existing for Bitcoin, Litecoin, and other PoW cryptocurrencies were created, and people joined them to combine their hashing power with the hashing power of hundreds and then thousands of other miners
Today mining dodge with a CPU and a gaming GPU is next to zero profit since it consumes a lot of power. To mine Dogecoin profitably, nowadays you usually need:
>A Windows/Linux/Mac OS computer
>One or more ASIC miners for Scrypt-based cryptocurrencies
>Power supplies for your ASIC miners
>An account with a mining pool
>Access to relatively cheap electricity
>A Dogecoin wallet
In the first Years of Crypto, mining was relatively expensive regardless of the mining equipments. Today mining has been broken down and made simpler all you need to mine certain Cryptocurrencies today is a Mobile phone.
MOBILE MINING
Early 2019 the very first mobile mining app and cryptocurrency was launched. On march 14, Pi network was officially launched, founded by Stanford PhD graduates, Nicolas Kokkalis and Chengdiao Fan, with the goal of making cryptocurrency mining more accessible to the general public via mobile devices.
Since then mobile mining has become a norm and has made mining cheaper and easy for all of us. Spurprotocol crypto mining is done on the phone and is quite easy to mine.