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Title: [2014-07-25] What is Bitcoin mining - and how does it work? Post by: epere on July 25, 2014, 07:55:41 AM http://www.telegraph.co.uk/finance/currency/10987850/What-is-Bitcoin-mining-and-how-does-it-work.html
Bitcoin is a virtual currency, or “cryptocurrency”, that first appeared on the radar in 2009 after an anonymous creator “buried” 21 million coins online. Bitcoin mining is the complicated process through which new Bitcoins are made. Title: Re: [2014-07-25] What is Bitcoin mining - and how does it work? Post by: roslinpl on July 25, 2014, 11:20:20 AM Mistakes in 1st paragraph :D
Like OP quoted also : "Bitcoin is a virtual currency, or “cryptocurrency”, that first appeared on the radar in 2009 after an anonymous creator “buried” 21 million coins online." ... So far as I know Bitcoin is a Digital Currency not a Virtual Currency... http://en.wikipedia.org/wiki/Virtuality Virtual currency are coins from Second Life :) Bitcoin is not a Virtual Currency ... :) Quote Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency. |