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.
Tuesday, March 30, 2021
Bitcoin the biggest cryptocurrency on the planet
Now, do you want to be a part of that
change and educate yourself, so you can benefit from this
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