Showing posts with label marvin goreseb. Show all posts
Showing posts with label marvin goreseb. Show all posts

Friday, February 23, 2018

How to start mining bitcoin, Bitcoin introduction on mining

I have personally started building my own mining rig, A mining rig is a self built computer system, that is built from scratch. Can be a normal desktop computer turned into a mining machine, with good hardware.

First of all what do you need to start mining? WELL you need to have a pc with very good speed like atleast 600 mhz minimum speed. This can be achieved with graphic cards, Good graphic cards recommended for mining is the first suggestion i can give for your hunt for a good graphic card.

I just bought a Msi R7870 hawk Graphic card with good properties as second on a Facebook buy and sell group, Best places to get a dedicated card for a reasonable price. PLEASE DO CHECK OUT WHATS NEEDED FOR MINING AND START MINING AND EARN MONEY.... CASH FROM MINING MORE THAN ONE CRYPTOCYRRENCIES.

Start mining with miner gate today

Monday, February 19, 2018

What is bitcoin mining?

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining").

This ledger of past transactions is called the blockchain as it is a chain of blocks . The block chain serves to confirm transactions to the rest of the network as having taken place. 

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What is Bitcoin?

To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept - sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as "bitcoin."


The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren't printed, like dollars or euros - they're produced by computers all around the world, using free software.


It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.


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