Before Jumping Into Mining Let Me Give You An Introduction To It

Now, if you’ve done your research on Bitcoin you may have seen or heard the word ‘mining’ used a lot. It’s quite a complex process, and has many advantages and disadvantages, so let us run you through our guide to the do’s and don’ts of Bitcoin Mining. Bitcoin Mining is the process of ‘discovering’ more coins. It is a race against other miners across the globe. As Bitcoin is a pure digital currency it takes no physical form, so can’t just be created from scratch. Bitcoin miners are also responsible for overseeing the block chain, the record of transactions that traders complete each and every day. This chain is getting increasingly bigger as time goes by, so how can it be monitored for accuracy? This is the job of the miners.