whats bitcoin mining ?
bitcoin operates as a peer
to peer network
this means that everyone
who uses bitcoin is a tiny
fraction of the bank of bitcoin
with bitcoin miner use special
software to solve math problems
and are issued a certain number
a bitcoin in exchange this provides
a smart way to issue the currency
and also creates an incentive for
more people to mine since miners
are required to approve bitcoin
transactions more miners a more
secure network the bitcoin network
automatically changes the difficulty
of the math problems depending on how
fast they are being solved in the
early days bitcoin miners these math
problems with the processors and their
computers soon miners discovered that
graphices cards ued for gaming were
much better suited to this kind of
working graphics card are faster they
use more electricity and generate a
lot of heat the frist commercial bitcion
mining products included chips that
that were reprogrammed for mining bitcoin
these chips were faster but still power-hungry
asic or application specific integrated circuit
chips are designed specifically for bitcion mining
asic technology has made bitcion mining faster
while using less power as the popularity of bitcoin
increases more miners join the netword
making it more difficult for individuals to solve
the math problems as the popularity of bitcoin
increases more miners join the network
making ot more difficult for individuals
to solve the math problems to overcome this
miners have developed a way to work together
in pools pools of miners find solutions faster
then their individual members and each miner is
rewarded proportionate to the amount of work he
or she provides mining is an important and integral
part of bitcoin that ensures fairness while keeping
the bitcoin network stable safe and secure for more
information bitcoin mining visit
https://www.bitcoinmining.com.
