Bitcoin mining is a crucial part of the Bitcoin network. But to most Bitcoin holders it’s a relatively mysterious business. Mining is where Bitcoin connects the internet to the real world. A lot of electricity is needed for mining, and it’s crucial for the protection of the 18 million Bitcoins, worth today $180 billion, stored using Bitcoin’s decentralized financial records.
Mining is a very competitive business. Every 10 minutes, approximately, hundreds of thousands of Bitcoin mining computers around the world start competing for a new batch of 6.25 Bitcoins. The greater the quantity of mini
- Category : Electronics