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Bitcoin mining

#hashpower Bitcoin miners secure transactions on the Bitcoin network..
by marketing influencer Is it like gold mining 2.0 ?
2 months ago
Bitcoin Mining is the process of spending computing power to process transactions, secure the network, and keep everyone in the system synchronized together. It can be perceived like the Bitcoin data center except that it has been designed to be decentralized with miners operating in all countries and no individual having control over the network. This process is referred to as “mining” as an analogy to gold mining because it is also a temporary mechanism used to issue new bitcoins. Unlike gold mining, however, Bitcoin mining provides a reward in exchange for useful services required to operate a secure payment network. Mining will still be required after the 21 million bitcoins are dug. #digginggold2.0 #21milliontotalcoins

10 Responses to Bitcoin mining

  • BITCOIN HAS TO BE AS EASY AS STOCKS Then it will grow man,…

  • Aprox 2 years ,get some Bitcoin ,. Not financial advice mate, if Bitcoin tanks,..

  • Bitcoin is a centralized cryptocurrency,.
    When Satoshi Nakamoto created Bitcoin, it was a nothing less than a revolution, creating a truly decentralized, community-powered cryptocurrency. The power of Bitcoin was the fact that it was decentralized and not one centralized stakeholder could control the network. Unfortunately, this is not the case. Today, 70% of the Bitcoin’s collective hash rate is controlled by Chinese Mining Pools (which are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power). In addition, the four biggest mining pools control over 50% of the network’s collective hash rate.
    This centralization of mining is a logical consequence of how the protocol was developed, as it rewards economies of scale. As a result, Bitcoin is no longer the decentralized network that it was supposed to be when it was developed. This does not have to be a problem, as long as the mining pools can be trusted and have an incentive to do the right thing. However, since most of these mining pools are in China, this could quickly change if the Chinese government decides, for whatever reason, to intervene and take over the Chinese mining pools. This centralization of Bitcoin poses a real threat to the future of Bitcoin,…

  • Cost: $4,000
    Who can participate: Anyone (not limited to Nui members)
    Details: Mine Kala with your own mining rig and earn your share of over 6 million Kala
    being created per day (results based on factors like rig performance and the number of rigs
    mining). Stock up on Kala to be ready when it is fully integrated with Nui, Symatri, and
    other partners. Open a Kala wallet to store your Kala securely.

  • -Chicago Board of Exchange getting into crypto☑️
    -Goldman Sachs getting into crypto ☑️
    -George Soros getting into crypto ☑️
    -Rockefellers getting into crypto ☑️
    -Susquehanna getting into crypto ☑️

  • Are contracts profitable @this point in time ?

  • Kala mining rigs are launching this month…

  • Bitcoin scaling debate has occurred for years now!

    Bitcoin Cash advocates believe in on chain scaling solutions (bigger blocks).

    Bitcoin and the Segwit update believes in second layer solutions when it comes to scaling (lightning network).

    The divide is incredible and there is a lot of content created surrounding this subject.

    Roger Ver has proved he’s egotistical and careless in many things. However, he is a strong advocate for cryptocurrencies, but he’s a terrible marketer and people person.

    They say good or bad press it press all the same. I’m not sure about that as Roger might be the most hated person on Twitter in the crypto sphere.

    With that been said, the website is extremely confusing, especially for newcomers! is owned and ran by Roger Ver and it heavily promotes Bitcoin Cash/Bcash/BCH, whatever it is you’d like to call it.

    However, the site is not fluent in naming Bitcoin (legacy chain) and Bitcoin Cash as it mixes the two due to the belief of Roger that BCH it the real Bitcoin (BTC). Get real Bitcoin !!

  • The Geeks will obliterate International Banking System before they are done.

  • Does Bitcoin Cloud Mining Advantages?

    YES,don’t have to deal with Bitcoin mining equipment and electricity is huge…

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