Mining cryptocurrency has its similarities and differences with mining for gold. It might be the new age equivalent of being a gold miner, but a crypto mine looks much different than a gold mine.
What is a Crypto Currency Rig?
A cryptocurrency rig is simply a computer that has been set up for mining. There are two common types of crypto mining rigs.
Is Mining Cryptocurrency Legal?
Mining cryptocurrency is not banned or illegal in most countries, including the USA. However, there are countries where it has been made illegal, most notably in China.
Strictly speaking, mining cryptocurrency is not passive income because it requires you to maintain the hardware and make sure the machine is actively mining at optimum levels.