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bitcoin

BTC

EXuvKglWsAE-bZL

Finally the Bitcoin Halving is occuring today May 11 2020

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

What is all this Crypto stuff ?

Cryptocurrency is getting out on today’s financial market!!  Forbes, Fortune,  and other media outlets simply can’t stop talking about it. Many friends andfamily are now starting to talk about cryptocurrency . Why? Because it’s becoming more than a small bleep in the global market! Why crypto ?

What Cryptocurrency Offers:

  • Counterfeit Resistant Currency–Unlike Paper Money, Cryptocurrencies are Hard to Duplicate
  • Low Fees When Trading/Selling
  • Keeps Your Identity Safe–No Direct Contact with Personal Information
  • A Digital Currency–Banks and Governments Can’t Regulate or Control It (internet money)
  • Global Access to Products/Services–Where Accepted
  • Complete Ownership–All Transactions are Managed By owner
  • User Friendly–Easy Access from a Computer or Smartphone

Bitcoin values recently hit an impressive 16263.82 value (Dec 8, 2017 exchange value). That’s over an 1,000% value increase in 2017 alone!! Is it to late to get into crypto space? We cant say.  Always consult the financial experts.

                                                                     The legal status of cryptocurrencies varies  from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed their use and trade, others have banned or restricted crypto. It is the wild west!

Is it time to snag some cryptocurrency!! Something to look at…  Always consult the experts. Many new Ico projects are coming in blockchain technology. Very interesting! Look for the Fat Jerry favorite crypto project KALA COIN info on Steemit.

How are Bitcoins created

Bitcoins are created when ‘miners’ solve the particular equation.Miners are then rewarded with bitcoins.Solve The speed at which miners solve is contingent on data processing hardware in computers.Folks can actually get computer processors with chips that are specifically designed for bitcoin mining. As more miners join the network, it becomes more difficult for an individuals. Pools of miners show a % on the blockchain. The cost of mining bitcoins is high due to the amount of electricity it takes to mine the bitcoins. Bitcion miners will have to weigh up the costs of electricity against the value of bitcoin in monetary value.Many pool miners are in cool spots because the heat the computers generate. #cryptomite

Bitcoin Boy

Want to know about Bitcoin ? Here is your boy !

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