Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation.
Bit coin is a peer to peer transaction system created last year that uses trades to be, conducted by a digital money, the bit coin. Unlike monies given by states, Bit Coin is completely electronic and is separate of any state or market, without ties to some monetary authority, corporation, or business.
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Look to start mining bitcoins as a hobby. I am ideally looking to spend between $1000 to $2000 on them but most places i search i hear of only bad things, scams and such. If someone could give me a few websites/companies that sell machines that aren't scam sites. I also would be using my credit card to make the purchase in case of any issues that way. I have seen bitmain.com who make Antminer R4 and other stuff but are sold out. If anyone could give me some direction on who is a little reputable that would be great.
Hi all, I want to buy a bitcoin miner. I live in Germany and I do not have to worry about paying the electricity bill. Im very new to this. Is there anybody that would like to help me find a bitcoin miner and what all comes with it. I would appreciate if somebody could guide me. Kind Regards, 18newstars
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