Tag: Computational Power

What is Bitcoin Mining?

Grasping the entire concept of Bitcoin in one go is all but impossible for anyone. Even the people who have been involved in Bitcoin for several years will still find it difficult to relay the message in layman’s terms. Bitcoin mining, for example, is one of the processes that is hard to grasp, as people do not see the correlation between a Bitcoin miner, generating new coins, and confirming transactions. …
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