Tag: mining

How to Mine Bitcoins and What You Should Know

Bitcoin is likely here to stay. Its value remains volatile and unpredictable, but it has come a long way from the bitcoin of four or five years ago — left for dead and dismissed as a fad. Bitcoins are still around, and people are interested in learning what bitcoin is, how to get them, whether as ...

Blockchain: What is Mining?

Some clarification The purpose of mining is probably a little confusing at first. I will keep the Bitcoin blockchain as an example throughout this article. Mining is NOTabout creating new bitcoins. Mining is the mechanism that allows the blockchain to be a decencentralized security. It secures the bitcoin system and enable a system without a central ...

Proof of Work vs Proof of Stake – EXPLAINED!

First of all, what is mining? Mining – is a process of validating a transaction or block in a network by the process of complex algorithms to prove and validate the correctness of the transaction and thereby add the new block to the chain. In order to mine coins, you need to have high power ...