What is Bitcoin Mining?

bitcoin-mining topMining is the active process of using the computational power of a computer to secure BTC transactions by keeping a record of every Bitcoin and/or Altcoin transaction. These are then recorded as a part of the decentralized ledger, known as the Blockchain. Miners maintain the consistency, completeness, and immutability of the ledger by continuously verifying and collecting new transactions into new groups of folders known as blocks.

In the beginning these processes could be handled by your computers CPU or the GPU of a video card but since the difficulty rate of the equations has increased, more computing speed is needed. This problem was solved with the development of mining equipment. Mining equipment can be bought on this website and can range in price from very inexpensive up to several thousand dollars. Most of the equipment is simple to use and connects to your PC through USB.

bitcoin-mining bottom

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