Mining

What is mining in simple words? 

Mining is the process of extracting useful materials from the earth. Some examples of substances that are mined include coal, gold, or iron ore. Iron ore is the material from which the metal iron is produced

What is the purpose of mining? 

Mined materials are needed to construct roads and hospitals, to build automobiles and houses, to make computers and satellites, to generate electricity, and to provide the many other goods and services that consumers enjoy. In addition, mining is economically important to producing regions and countries.

What will happen if we stop mining?  

27 States would lose 25% of their electricity output. No nails to hammer projects home. No more high rises, bridges, airplanes, trains, or space exploration. Granite, marble, and anything steel in homes would be gone.

What exactly happens in mining? 

"Mining" is performed using sophisticated hardware that solves an extremely complex computational math problem. The first computer to find the solution to the problem receives the next block of bitcoins and the process begins again. Cryptocurrency mining is painstaking, costly, and only sporadically rewarding.

How do miners know where to mine? 

Advanced scientific techniques (eg geochemical analysis of the Earth's crust or airborne surveys to measure magnetic, gravitational and electromagnetic fields) are used to help determine whether a location has a sufficient mineral deposit to warrant mining.

What are 3 good things about mining?

Aside from supporting thousands of jobs, the mining industry provides raw materials, minerals and metals critical to our economy. They provide the foundations for modern living, innovation and engineering achievements. Take platinum, for example; it is used in more than 20 percent of all manufactured goods.

What are 3 positive effects of mining?

These benefits include low-cost, reliable electricity and the materials necessary to build our homes, schools, hospitals, roads, highways, bridges and airports.