Showing posts with label mining. Show all posts
Showing posts with label mining. Show all posts

Wednesday, February 28, 2018

Bitcoin and Mining

In another section of the articles "What's Bitcoin", we are going to discuss the interesting topic of Bitcoin mining. Bitcoin is produced by extraction operation, which is time consuming and requires a lot of energy and is usually done with a set of computers. The following questions will be answered in this article:

What is Bitcoin mining?
How does Bitcoin mining work?
Isn't Bitcoin mining a waste of energy?
How does mining help secure Bitcoin?
What do I need to start mining?

Sunday, February 18, 2018

What is Bitcoin? (2)

In the second part of the series of articles on what bitcoin is, questions such as the following questions are answered:

Is Bitcoin really used by people?
How does one acquire bitcoins?
How difficult is it to make a Bitcoin payment?
What are the advantages of Bitcoin?
What are the disadvantages of Bitcoin?
Why do people trust Bitcoin?
Can I make money with Bitcoin?
Is Bitcoin fully virtual and immaterial?
Is Bitcoin anonymous?
What happens when bitcoins are lost?
Can Bitcoin scale to become a major payment network?