Tagged: understanding bitcoin mining

What is Bitcoin mining? 0

What is Bitcoin mining?

In fiat money systems, governments print more money when they need to. But in bitcoin, money isnโ€™t printed at all โ€“ it is mined. Using computers and specialized software miners solve math problems that process bitcoin transactions and are rewarded with bitcoins in exchange. How does mining work? People send...

bitcoin
Bitcoin (BTC) $ 3,745.43 3.74%
ripple
XRP (XRP) $ 0.331813 2.21%
ethereum
Ethereum (ETH) $ 125.05 3.39%
eos
EOS (EOS) $ 2.50 1.94%
bitcoin-cash
Bitcoin Cash (BCH) $ 130.19 1.92%
stellar
Stellar (XLM) $ 0.109427 3.51%
tether
Tether (USDT) $ 1.01 0.48%
litecoin
Litecoin (LTC) $ 32.70 5.35%
tron
TRON (TRX) $ 0.024876 0.20%
cardano
Cardano (ADA) $ 0.045945 3.78%
iota
IOTA (MIOTA) $ 0.321619 5.16%
monero
Monero (XMR) $ 45.79 2.56%
dash
Dash (DASH) $ 73.04 3.01%
neo
NEO (NEO) $ 7.99 5.32%
nem
NEM (XEM) $ 0.057677 2.99%
ethereum-classic
Ethereum Classic (ETC) $ 4.53 4.85%
vechain
VeChain (VET) $ 0.004211 3.82%