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Owner of cryptocurrency mining company explains how it worksBecoming familiar with the mining process is a key factor when you're starting out. � You'll need a cryptocurrency wallet, mining software, and mining hardware. What Is Crypto Mining? Most people think of crypto mining simply as a way of creating new coins. Crypto mining, however, also involves validating. In essence, starting a Bitcoin mining business requires careful consideration of various factors, including costs, potential rewards, and market conditions. A.