Understanding the concept of bitcoin mining
Bitcoin is present with various advantages and disadvantages, is now more sought after by many people. The Bitcoin seekers were nicknamed the Bitcoin miner. Not only who already know the ins and outs of Bitcoin world until the new knowledge. What to look for? Certainly the opportunity to get the coffers of fortune from the internet fortune. Meanwhile, you can check out the crypto destroyer review if you want to know more about the mining concept of this cryptocurrency.
Now I assume you have read the many articles and already know in general what is Bitcoin, and now we will discuss Bitcoin mining. Simply Bitcoin mining is a person’s activity to get Bitcoin by using a computing device that has been equipped with various features and systems required. The person doing the activity is also called the Bitcoin miner or the bitcoin miner.
Ok, before going deeper about Bitcoin mining it is worth noting that this article will not provide steps or an easy way to get Bitcoin, but pure explains the concept of Bitcoin mining itself. Because basically doing Bitcoin mining is not easy. Even for people who already know enough, the activity requires a process and online computer devices that are not simple.
The concept of Bitcoin Mining
Bitcoin mining is a process of mathematical calculation performed on Bitcoin tissue. As we all know, Bitcoin runs in an online system, and the purpose of mathematical calculations is to verify the bitcoin transactions that exist on the Internet. By doing the verification, a bitcoin miner will get a new block gap in the Bitcoin network containing a new amount of Bitcoin and can be taken. That’s where a Bitcoin miner will get Bitcoin for himself. The more the process of verification and the creation of new blocks, the more mined bitcoins will be. Got it?
So how does one verify and find new blocks on the Bitcoin network? just like we want to open a word file or mp3 file, Bitcoin mining also works the same way. But when we enter the bitcoin network, the process will be much heavier because the computer is required to open the data that has been protected with a strict security system. Therefore in doing Bitcoin mining, having a device with the high specification is an obligation.