Bitcoin Mining Information Sharing For Beginner

in #bitcoin7 years ago

Bitcoin crypto mining is the process by which are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining.
Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady.
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Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new units available to anybody who wishes to take part.
An important difference is that the supply does not depend on the amount of bitcoin mining. In general changing total miner hashpower does not change how many bitcoins are created over the long term.
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