Bitcoin Mining

in bitcoin •  6 years ago 

There is a process called “mining”, utilizing which it’s possible to actually obtain bitcoins, in an analogy with natural resources. Mining is not a hugely profitable and, many believe, wholly justified activity, yet there is a slim chance to earn something due to growth of bitcoin exchange rate. It used to be a little easier at earlier stages of bitcoin development, yet many enthusiasts continue to resort to mining. They can mine individually or unite in miners’ pools, to increase their collective computing capabilities necessary to mine bitcoins. To do that they install specialized software, that allows them to perform in essence a transformation of data into a bit line using special algorithm.images (2).jpeg

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