Found 102 Articles for Bitcoin

What is Bitcoin Mining?

Prasanna Kotamraju
Updated on 30-Jul-2019 22:30:25

346 Views

What is a Bitcoin?Bitcoin is an electronic payment system through a secure, verifiable and mathematical way. It is created by Satoshi Nakamoto in 2008 to produce a new means of exchange of money, independent of any centralization or central authority, which can be done electronically.Traditional currency is printed and distributed by the Government based on demand and supply in the market. Bitcoin is introduced as a peer-to-peer currency without any central authority or any government body to issue the Coins and track their transactions.What is MiningWhere do the Bitcoins come from when there is no central authority to create and ... Read More

How does cloud mining Bitcoin Work?

Prasanna Kotamraju
Updated on 30-Jul-2019 22:30:25

170 Views

We know about Bitcoin mining … and how you can earn reward of 12.5 Bitcoins for every mathematical algorithm solved. The more number of miners join the network, the faster the puzzles get solved, the tougher the algorithms become. Though there is a large potential in Cryptocurrency to earn money, there is also a lot of uncertainty and speculation.Mining Bitcoins at home is highly difficult and impractical thing to do, because of the highly expensive hardware and high electricity bills. One more risk factor is the graphic cards you use should be constantly updated so as to meet the rising ... Read More

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