Bitcoin Mining Explained | Bitcoin Mining India | Bitcoin Mining Software | Bitcoin Mining 2017

Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

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From: Yadnya Investment Academy

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What Are Bitcoin Mining Pools? Can You Profit With Bitcoin Mining Pools?

Hashflare: https://hashflare.io/r/51D278D Bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.

A "share" is awarded to members of the Bitcoin mining pool who present a valid proof of work that their Bitcoin miner solved. Bitcoin mining in pools began when the difficulty for mining increased to the point where it could take years...

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From: Peter Gunther

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