Bitcoin mining
Bitcoin1$ 77,295.840.18%-6.01%-15.89%details transactions known as the blockchain
The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted Bitcoins (currently the reward is 12.5 Bitcoins).
Today, in order to be profitable with Bitcoin mining you need to invest heavily in equipment, cooling and storage. It’s not possible to mine profitably with a PC or a GPU at home. You can calculate your profitability using a Bitcoin mining calculator.
0:20 Bitcoin mining in a nutshell
3:13 Mining difficulty and block time
4:22 Evolution of Bitcoin mining hardware
6:30 Bitcoin mining pools
7:24 Is Bitcoin mining profitable?
10:41 Other types of mining
13:14 Frequently asked Questions
15:20 Conclusion
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