Bitcoin mining

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Welcome to Blockchain Focus
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What is Bitcoin mining?

• Its the process by which transactions
  conducted with Bitcoin are added to the public
  ledger. Its a method of interacting with the
  blockchain that Bitcoin is built upon and for
  those that take part in the computationally
  complicated activity, there are Bitcoin tokens to
  be earned. Bitcoin mining is a lot like a giant
  lottery where you compete with your mining
  hardware with everyone on the network to earn
  bitcoins.

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Bitcoin mining explained

• Bitcoin may be the next big thing in finance,
  but it can be difficult for most people to
  understand how it works. There is a whole lot of
  maths and numbers involved, things which normally
  make a lot of people run in fear. Well, its one
  of the most complex parts of Bitcoin, but it is
  also the most critical to its success. As you
  know, Bitcoin is a digital currency.

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How Much Bandwidth Does Bitcoin Mining Take?

• Bitcoin mining has been a huge thing for
  years now, with miners getting a lot of money out
  this activity, without having that much
  competition.. until now. Now, there are huge
  bitcoin farms trying to get as much as possible
  before others grab their share, and that affects
  the way mining is done nowadays.

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Ethereum mining bandwidth usage

• Ethereum is an open-source, public,
  blockchain-based distributed computing platform
  and operating system featuring smart contract
  (scripting) functionality. Ether can be
  transferred between accounts and used to
  compensate participant mining nodes for
  computations performed.As crypto-currencies
  increase in value, so does the payout from mining
  them.  

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Bitcoin mining work

• Bitcoin mining is the process by which
  transactions are verified and added to the public
  ledger, known as the block chain, and also the
  means through which new bitcoin are released. The
  mining process involves compiling recent
  transactions into blocks and trying to solve a
  computationally difficult puzzle.

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Is it illegal to mine bitcoins?

• llegal mining is mining activity without state
  permission, in particular in absence of land
  rights, mining license, exploration or mineral
  transportation permit.Illegal natural resource
  extraction becomes pressing when global mineral
  prices are soaring.Illegal mining can be a
  subsistence activity, as is the case with
  artisanal mining, or it can belong to large-scale
  organized crime,spearheaded by illegal mining
  syndicates.

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Bitcoin Mining Software

• The bitcoin mining software delivers the work to
  the miners and receives the completed work from
  the miners and relays that information back to
  the blockchain and your mining pool. Not only
  does the Bitcoin mining software relay the input
  and output of your Bitcoin miners to the
  blockchain, but it also monitors them and
  displays general statistics.

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