Hardware & Software

What is Bitcoin mining and how does it work?

What is Bitcoin mining and how does it work?

Bitcoin is a virtual and intangible currency. That is, you cannot touch in any of its forms as with coins or bills, but can be used as a means of payment in the same way as these. With paper money, a central government decides to print and distribute the money. The Bitcoins do not have a central government. The Bitcoin system operates as a peer to peer network, that is, anyone who uses Bitcoin is already part of the system and it is a part of the Bitcoin Bank. How to obtain Bitcoins? You can be a normal user and buy them in secure sites…
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