What is Bitcoin?
Bitcoin is an internet protocol that enables the transfer of value over a communications channel like the Internet or radio.
 |
| Nicehash Miner Pro |
An easily understood application is decentralized digital currency; like being able to send a gold coin as easy as you send an email.
But blockchain technology enables many things like a fridge that can pay for and restock itself or self-driving taxis.
What is Bitcoin Mining?
Bitcoin mining is how Bitcoin transactions are validated and confirmed by the Bitcoin network.
Bitcoin miners create a new block by solving a proof of work problem that is chained through cryptographic proof to the previous block.
What is a Bitcoin Miner?
A Bitcoin miner is a computer specifically designed to solve problems according to the proof of work algorithm.
Currently, highly specialized chips called ASICs, Application Specific Integrated Circuits, are used as Bitcoin miners.
How To Mine Bitcoins
Anyone can get a Nicehash Miner Pro and mine bitcoins by connecting to the Bitcoin network. Those with lower electricity costs have a competitive advantage.
No comments:
Post a Comment