Question: Q 9 . Answer the following questions about Cryptomining: ( a ) Explain the mining process. ( b ) What is a hashrate? What is

Q9. Answer the following questions about Cryptomining:
(a) Explain the mining process.
(b) What is a hashrate? What is it used for?
(c) The target hash of some cryptocurrency starts in 16 hex zero digits followed by 7A. Compute the network difficulty if the initial target hash had 8 hex zero digits and the rest of the bits are ones.
(d) What is a mining pool? Why miners join mining pools? Give two examples of mining pools for Bitcoin and two for Ethereum.

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