What Bitcoin mining is about and how to start
Like in the hard-rock mining process of excavating precious minerals such as diamonds and gold, it also requires miners who dig inside its digital cave. Bitcoin mining is the process of acquiring the most dominant cryptocurrency in the market today . These Bitcoin miners use powerful resources to build their Bitcoin mining machines. Some of most common requirements are powerful computers, specialized hardware like Bitcoin mining rigs, specialized software, a strong and stable Internet connection, and high electricity levels usually. Yes you’re probably wondering why expensive and extremely powerful equipment is needed in the process. This is because Bitcoin miners need such resources to solve very complex mathematical problems that cannot be answered by simple computations. But how does it work? How does Bitcoin mining work? 1. Issuing new BTC Bitcoin’s decentralized nature doesn’t need any governing body or higher authority to run its systems and operations. Bitcoin miners use t