Bitcoin Forum
May 14, 2024, 02:24:32 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2014-07-25] What is Bitcoin mining - and how does it work?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: [2014-07-25] What is Bitcoin mining - and how does it work?  (Read 634 times)
epere (OP)
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
July 25, 2014, 07:55:41 AM
 #1
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.
  CLOUDBET 
1715696672
Hero Member
*
Offline Offline

Posts: 1715696672

View Profile Personal Message (Offline)

Ignore
1715696672
1715696672
Reply with quote  #2
1715696672
Report to moderator
1715696672
Hero Member
*
Offline Offline

Posts: 1715696672

View Profile Personal Message (Offline)

Ignore
1715696672
1715696672
Reply with quote  #2
1715696672
Report to moderator
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715696672
Hero Member
*
Offline Offline

Posts: 1715696672

View Profile Personal Message (Offline)

Ignore
1715696672
1715696672
Reply with quote  #2
1715696672
Report to moderator
1715696672
Hero Member
*
Offline Offline

Posts: 1715696672

View Profile Personal Message (Offline)

Ignore
1715696672
1715696672
Reply with quote  #2
1715696672
Report to moderator
1715696672
Hero Member
*
Offline Offline

Posts: 1715696672

View Profile Personal Message (Offline)

Ignore
1715696672
1715696672
Reply with quote  #2
1715696672
Report to moderator
roslinpl
Legendary
*
Offline Offline

Activity: 2212
Merit: 1199


View Profile WWW
July 25, 2014, 11:20:20 AM
 #2
Mistakes in 1st paragraph Cheesy

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 Smiley

Bitcoin is not a Virtual Currency ... Smiley
Quote
Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2014-07-25] What is Bitcoin mining - and how does it work?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!