Tag Archives: bitcoinmining

Bitcoin mining: What it is and how it works

Bitcoin mining: What it is and how it works

What does Bitcoin Mining mean? Bitcoin mining is the process of creating, or rather discovering, bitcoin currency. Unlike real-world money that is printed when more is needed, bitcoin cannot simply be willed into existence, but has to be mined through mathematical processes. Mining ensures the continuous reissue of Bitcoins like central banks do with paper currency. In general, to mine bitcoins, you need either a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) in order to set up a mining rig. Bitcoin mining: pros and cons However, it may be not that simple. First of all, you need a special computer to mine this cryptocurrency. Mining bitcoin concerns solving a […]

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