What is Bitcoin Mining?

btc mining
 
 
Summary

Mining is a process in which a user is rewarded for his hardware’s work put in to help write on blockchain. When bitcoin came about being the creator Satoshi Nakamoto envisioned a fair distribution method to give btc as rewards who help secure the network. Since then mining has been running and is a race to mine bitcoins and altcoins such as bitcoin, ethereum, steem, library coins and many others that support CPU, GPU and ASIC mining. Bitcoin mining started in 2009 when the first block was mined by Satoshi himself. It is believed that the first 10 blocks were mined by him to test the network later on people like Steve Finney and Gavin Anderson jumped in to support the network. In the early days btc was only mined with cpu, later on software’s such as cgminer and sgminer allowed you to mine with gpu allowed you to mine much faster. This was followed by ASIC mining (application specific integrated-circuit), which are specially designed hardware to mine a certain algorithim came into being. This cause the bitcoin network to have the best hashing power and the strongest network in the world. However this also caused the difficulty to rise exponentially

About admin
My Name is Ghulam Ahmed. I have been working on bitcoin cryptocurrency in Pakistan since the past three years. Now I am the top seller in Pakistan and have many clients from different countries of Mining hardware. Me and My team members specialize in stable & cheap GPU rigs which promise a quicker ROI without much hassle.

11 Comments

  1. hello brother, i want to know the Bitcoin system.
    Also please tell me about s7 and s9 bitcoin machines and its comperison.
    Tell me about the prices and how i can get it.
    Thanks

     
    Reply
  2. Cho Wai HtunJune 14, 2017 at 10:09 am

    The one your selling price is USDollar or your country money?

     
    Reply
  3. salman marfaniSeptember 27, 2017 at 7:30 pm

    How we can get the money or coins exchanged in pakistan because there is no exchanhe or ATM avaialable

     
    Reply
  4. Ramzan MirzaNovember 4, 2017 at 3:59 pm

    please sale me S7 miner what price S7 moblie number 03007850840

     
    Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading...
WhatsApp chat