31 Dec '15, 6pm

"#bitcoin mining basics" Written by Rohan Raj:

This article will be all about Bitcoins and the process used to earn it - “Bitcoin mining”. Let’s first understand in short about Bitcoins. In the world there is a thing called cryptocurrency. Now, what does this means? Well, cryptocurrency is just like normal currency with two main differences – it is completely digital and independent of any central authority. So, no agency regulated or controlled by government has direct intervention in this. Don’t worry, it is all legal! Okay, I understood this, now what about Bitcoins? Well, Bitcoins are the first cryptocurrency which came into existence in year 2009 and since then the rush for using to become rich has gone exponential. As of year 2013, the total value of money supply in Bitcoins is 1.5 billion dollars and as of April 2013, the profits being made through a day’s worth of Bitcoin mining was around 680,000 USD. By 2015,...

Full article: http://cointrendy.com/bitcoin-mining-basics

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