Bitcoins aren’t printed out like traditional money, they are mined out of the system. A miner is just a person with a computer that runs a mining program on it.
Just like any other natural resource, there is a finite amount of Bitcoins. So the maximum amount of Bitcoins that can be generated is 21 million. Until today over 12 million Bitcoins were mined.
Satoshi, the guy who invented Bitcoin, wanted the number of Bitcoins that were mined each time to remain constant, no matter how many miners come aboard
So that’s how Bitcoins are born, through miners….
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Thanks for sharing.
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u r most welcome sher
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Nice post...its very helpful... thank you Nahid.
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thanks farah
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I have no idea about mining. Will be glad if you can help me out.
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ofcourse i will discuss on my next post
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thanks for informative post
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