Mining refers to the process by which new units of a cryptocurrency are created (as rewards for miners) and fraudulent transactions are prevented by the creation of a chained block of transactions. Mining operations incur costs and generate revenue, both of which need to be accounted for.
In the context of crypto accounting, mining refers to the process by which new units of a cryptocurrency are created and fraudulent transactions are prevented. Mining operations incur costs and generate revenue, both of which need to be accounted for.