What is compass mining?
Compass mining is a type of cryptocurrency mining that relies on graphics processing units (GPUs) to complete the hashing process. GPUs are important because they can solve complex mathematical problems much faster than CPUs. In compass mining, miners work together to solve a block and split the rewards accordingly. This type of mining is more energy-efficient than solo mining and allows miners to pool their resources to increase their chances of finding a block. Why compass mining has become popular? Compass mining has become popular because it is a more energy-efficient way to mine for cryptocurrency. By pooling resources, miners increase their chances of finding a block, and they can split the rewards accordingly. This type of mining can be profitable, but it requires expensive hardware and a lot of…