What is coin mining

What is Bitcoin mining? – Definition from WhatIs.com – A Bitcoin is defined by the digitally signed record of its transactions, starting with its creation. The block is an encrypted hash proof of work, created in a compute- intensive process. Miners use software that accesses their processing capacity to solve transaction-related algorithms . In return, they are awarded a certain …

Bitcoin relies on miners to record and validate transactions because of a particular problem inherent in any system of digital currency: double spending. Double spending is the high-tech incarnation of counterfeiting. Say, for example, that a currency user, Alice, has a $5 note and she gives it to Bob.

CoinMiners.net – Altcoin Pool – CoinMiners.Net – Altcoin stratum server located at Europe with most profitable cryptocoins

Crypto news south korea South Korea to start real-name trading of crypto currency – SEOUL, South Korea (AP) – South Korea plans to require local banks to launch a real-name system for crypto currency trading that will make the up-to-now anonymous transactions be traceable as the country seeks to curb speculation …

Mining doesn’t itself create new coins, instead these are given as rewards for calculating new blocks in the chain Once the new block has been successfully …

Crypto news daily Secret Crypto-Jewish Diaries Rediscovered in New York, Displayed in Mexico City – During the trial, a collection of manuscripts in Carvajal’s distinctive calligraphy was used as proof of the family’s Crypto-Jewish practice. Found beneath Carvajal’s hat and behind a wall in his house, they consisted of a book of psalms titled …

Even though I am a fond of huge in-house bitcoin mining rigs, I also love to experiment on PC altcoins' mining, in an attempt to find the best altcoins one can mine using his/her PC. Accordingly, I decided to look through the altcoins one can mine with his PC and GPU. After researching through a …

MINING – MINING . This page primarily focuses on metallurgical mining, though many of the terms, processes, and concepts are the same within the non-metallurgical extraction …

Crypto news 2018 bitcoin price prediction: Will 2018 be the worst year yet for … – Dennis de Jong, managing director of UFX, says he believes cryptocurrencies remain strong and will not plummet for good in 2018. … Rob Moore, co-founder of Progressive Property and bitcoin investor, says there was previously a lot of fake news about prices “which has caused confusion and uncertainty” …