Ethereum & Bitcoin: The Bundle Guide to Blockchain Technology, Cryptocurrency, and Mining Ethereum & Bitcoin by Richard Ozer

Author:Richard Ozer
Language: eng
Format: azw3
Published: 2017-07-26T07:00:00+00:00

In theory, Bitcoin has tons going for it and practice is also shoring that up. With the price on the rise and set to go even further there has never been a better time to get involved with the Bitcoin gravy train. And so, for the next chapter, we are going to look at Bitcoin mining.

Chapter 2: How to Mine Bitcoin

Bitcoin might well be the next big thing for the finance sector but most people are not really aware of how it all works. And for those of us not into Math or numbers, it can be even more difficult. The thing is, these numbers and the Math are the most critical part of Bitcoin because, without them, it can’t work.

As you know Bitcoin is a kind of currency, albeit a digital one. All currencies need four things:

Checks

Balances

Validation

Verification

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