BITCOIN MINING IS THE PROCESS BY WHICH NEW BITCOINS BLOCK ARE ENTERED IN THE BLIOCKCHAIN AND ALSO THIS IS USED TO VERIFY THE TRANSACTIONS TAKING PLACE IN THE BLOCKCHAIN.
BITCOIN MINING IS THE PROCESS BY WHICH NEW BITCOINS BLOCK ARE ENTERED IN THE BLIOCKCHAIN AND ALSO THIS IS USED TO VERIFY THE TRANSACTIONS TAKING PLACE IN THE BLOCKCHAIN.
MAIN POINTS RELATING TO CRYPTO MINING
MAIN POINTS RELATING TO CRYPTO MINING
IN MINING YOU CAN EARN BITCOIN OR THE CRYPTO YOU MINE AS A REWARD FOR SOLVING AN COMPLEX SOLUTION.
IN MINING YOU CAN EARN BITCOIN OR THE CRYPTO YOU MINE AS A REWARD FOR SOLVING AN COMPLEX SOLUTION.
BITCOIN MINING IS A VERY COSTLY AND PAIN STAKING TASK WHICH DONT ALWAYS GUARANTEE YOU BITCOIN IN RETURN
BITCOIN MINING IS A VERY COSTLY AND PAIN STAKING TASK WHICH DONT ALWAYS GUARANTEE YOU BITCOIN IN RETURN
VIVEK JAIN
ITS NOT LIKE YOU CAN EARN A BITCOIN EVERY SINGLE DAY AS THERE ARE MANY MINERS WHO ARE TRYING TO SOLVETHE COMPLEX HASHING PROBLEM AND ONLY THE ONE WHO SOLVES IT GET REWARDED.
ITS NOT LIKE YOU CAN EARN A BITCOIN EVERY SINGLE DAY AS THERE ARE MANY MINERS WHO ARE TRYING TO SOLVETHE COMPLEX HASHING PROBLEM AND ONLY THE ONE WHO SOLVES IT GET REWARDED.
VIVEK JAIN
VIVEK JAIN
FOR MINING YOU ALSO NEED A POWERFUL GPU GRAPHIC PROCESSING UNIT OR BETTER AN ASIC APPLICATION SPECIFIC INTEGRATED CIRCUIT.
FOR MINING YOU ALSO NEED A POWERFUL GPU GRAPHIC PROCESSING UNIT OR BETTER AN ASIC APPLICATION SPECIFIC INTEGRATED CIRCUIT.
HOW MUCH A MINER EARN
HOW MUCH A MINER EARN
VIVEK JAIN
THE REWARDS FOR MINING BITCOIN ARE REDUCED BY HALF EVRY FOUR YEARS
THE REWARDS FOR MINING BITCOIN ARE REDUCED BY HALF EVRY FOUR YEARS
VIVEK JAIN
IN 2009 WHEN BITCOIN CAME MINER EARNED 50BTC FOR EACH BITCOIN MINED BUT CURRENTLY IN 2022 IT IS 6.25BTC
IN 2009 WHEN BITCOIN CAME MINER EARNED 50BTC FOR EACH BITCOIN MINED BUT CURRENTLY IN 2022 IT IS 6.25BTC
VIVEK JAIN
REASON FOR BITCOIN MINING
REASON FOR BITCOIN MINING
1. TO PREVENT DOUBLE SPEND2. TO PUT NEW BITCOIN INTO THE SYSTEM OF BLOCKCHAIN.
1. TO PREVENT DOUBLE SPEND2. TO PUT NEW BITCOIN INTO THE SYSTEM OF BLOCKCHAIN.