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Author Topic: How does bitcoin made?  (Read 393 times)
sultanagung (OP)
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July 14, 2017, 08:36:26 AM
 #1



because I'm curious bitcoin it originally from?
ruskytailz02
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July 14, 2017, 02:00:59 PM
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bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange. That's how it is. Smiley
btctousd81
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July 14, 2017, 05:40:30 PM
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bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange. That's how it is. Smiley

this is the best explanation you can get.,

bitcoins are virtually generated by keeping your computers or ASIC miners running , while these machine i.e. computers runnig bitcoin client or ASIC, try to do some very complicated encryptions, which in turns verifies the transactions made using bitcoin network and  for that they receive the reward wihcih is part of bitcoin.

hope this helps.,

vv181
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July 14, 2017, 06:18:06 PM
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look aluna crypto blog explanation, i think its had a very good explanation
teeneffigy
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July 14, 2017, 07:19:22 PM
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Bitcoins are generated and secured with cryptography. No one can counterfeit them as you need to break the cryptography to do so. The more miners the harder it is to break it. As of now you would need a million CPUs running for 50000 years to break just one address. or something like that.. I know its impossible in this day and age.
psiksenz
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July 15, 2017, 01:02:09 AM
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Bitcoins are generated and secured with cryptography. No one can counterfeit them as you need to break the cryptography to do so. The more miners the harder it is to break it. As of now you would need a million CPUs running for 50000 years to break just one address. or something like that.. I know its impossible in this day and age.

But its recommended to only use one address per transaction so future quantum computers cant break your private key *citation needed* Tongue

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