What is Bitcoin Mining?

By Jp Buntinx on January 17, 2021 12:45

Published on September 28, 2018 09:01 by NullTX

Grasping the entire concept of Bitcoin in one go is all but impossible for anyone. Even the people who have been involved in Bitcoin for several years will still find it difficult to relay the message in layman's terms. Bitcoin mining, for example, is one of the processes that is hard to grasp, as people do not see the correlation between a Bitcoin miner, generating new coins, and confirming transactions. But in the end, it is rather easy to explain, albeit rather technical.
  • This website is merely a (crypto) information aggregator. All of the information, data, charts and any other content on this website (”Content”) is the sole responsibility of the party from whom the Content originated. The views expressed in the Content is not our view or opinion, but that of the original source of the Content. This website does not offer any investment advice, financial advice and/or trading advice and you should not treat anything stated on this website as such. Please do your own research and due diligence on the matters stated on this website and consult your financial advisor for any investment activities.