Kamis, 27 November 2014

The concept of Bitcoin Mining

The concept of Bitcoin Mining



Bitcoin mining is a process of mathematical calculations are done on the Bitcoin network. As you well know, Bitcoin runs in an online system, and objectives of the mathematical calculation is to verify bitcoin transactions on the Internet. By performing the verification, a bitcoin miner will get a new block loopholes in the Bitcoin network that contains a number of new Bitcoin and can be taken. That's where a Bitcoin miner will get Bitcoin for himself. The more the process of verification and pemenuan new block, then bitcoin which can be mined to be more and more also.

How to verify a person and discover new block in the Bitcoin network just like us who want to open a word file or a mp3 file. But when we have entered the bitcoin network, a process that will be done will be much more severe because the computer is required to unlock the data that has been protected by strict security system. Therefore, in doing Bitcoin mining, has a high specification device with an obligation.

Thus "The concept of Bitcoin Mining" and thank you for visiting.

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