What a bitcoin mining ?
Simply Bitcoin mining is an activity a person to get a Bitcoin using a computer that is equipped with a variety of features and system requirement.
People who do these activities collectively the Bitcoin miner or miners bitcoin.
From bitcoinmining article, bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
People who do these activities collectively the Bitcoin miner or miners bitcoin.
From bitcoinmining article, bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
How Bitcoin Mining Works ?
Where bitcoins come from?
With paper money, a government decides when to print and distribute money. Not for Bitcoin. But bitcoin haven't a central government.
With paper money, a government decides when to print and distribute money. Not for Bitcoin. But bitcoin haven't a central government.
With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.
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