Tuesday, March 30, 2021

Bitcoin the biggest cryptocurrency on the planet

 Mining Bitcoin everyday using servers that by

solving a difficult math problem called

a cryptographic hashing function in the

simplest possible terms they are solving

a puzzle that is generated by the Bitcoin

network about every 10 minutes a new

block in the chain is released.

The block reward for solving that hashing function is

currently six and a quarter bitcoins. Working

together Bitcoin miners all over the world

unlock more than seventeen hundred bitcoins each day.

ASIC processors use chips designed is to run

the protocol for Bitcoin blockchain.

Understand Bitcoin is like a commodity most of the world knows little about,

it is code with an underlying technology value. Bitcoin and

other cryptocurrencies are decentralized

with every transaction being recorded in

the blockchain ledger. Mining is essentially processing

those transactions and adding to the

blockchain each link in the chain created every ten minutes.

As more Bitcoin miners come online and servers become more

powerful the puzzles become more difficult to solve. The mining algorithm adjusts

to keep the mining rate constant one block every ten minutes.



Now, do you want to be a part of that change and educate yourself, so you can benefit from this 
 
new digital technology that is here to stay.

For more info:  How to profit




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