Tuesday, May 22, 2018

MIning bitcoins / cryptos

Today i would be sharing mining bitcoins and cryptos . As you well know mining is a big part of the bitcoin eco system.  Mining is the system where a computational system is being done by the miners to solve the problem in the bitcoin system and when miners solves the problem a new block is added to the chain (blockchain).  The miners are the ones who authenticate the transactions and discover new bitcoins.  Now miners are rewarded a minimal transaction fees with their hard work. 

Since the start of the bitcoin system , it is getting harder to discover new bitcoins so new and faster hardware had to cope up.  So the faster hardware has new faster hashes that discovers new blocks.  One block is solved or discovered every 10 minutes, which means that bitcoin are discovered every 10 minutes until it reached 21 million and estimated to be done in 2140.  The amount of rewards will decreased by one half roughly every four years.

 At this time mining for bitcoin or other cryptos is still a way to gain this digital currencies, that is why mining sites are still on the rise. They profit from the fees which they get from the customers , thats us. 

I had been in mining since i discover about bitcoins and the list below are some of the mining sites that i register. 

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