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Posts published in “Mining”

Bitcoin Mining Guide for Beginners

Bitcoin Mining is the act of verifying transactions that take place on each and every Blockchain. This gives validity to every transaction and then shares the transaction publicly across the peer-2-peer network for all to see. Bitcoin miners are the people responsible for the verification and valediction of each transaction before it is added to a block to create a blockchain. Once a miner places the next block on the blockchain, he/she can claim a reward which is usually in form of bitcoins. The more the mathematical calculations you solve, the more the reward. You do not need to be a professional software developer or coder so as to take part in Bitcoin mining. Below is an easy to follow step by step guide for a Bitcoin mining beginner. Get a Bitcoin Mining Hardware Bitcoin mining hardware The mining world is becoming more and more complex as higher computation power…

How to Mine Bitcoins?

Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions or blockchain. This ledger of past transactions is called the blockchain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place.

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