Tag: Miners rewarded their efforts

What Is Mining For Crypto Currency

Cryptocurrency mining is the process of verifying and adding new transactions to the blockchain, a public ledger of all cryptocurrency transactions. Miners are rewarded for their efforts with transaction fees and newly created cryptocurrencies. Mining is a critical function in the cryptocurrency ecosystem. Without miners, the blockchain would not be able to function, as there […]

How To Start Mining Bitcoin 2017

Mining bitcoins is a process that helps manage bitcoin transactions as well as create new “wealth” for those who participate in the process. The intention is that over time the process of “mining” will become more difficult and that the production of new bitcoins will be slowed down. Bitcoin mining is the process by which […]