What is Bitcoin Mining And How Does it Work ?

? What is a Bitcoin

Bitcoin is an international digital currency used in e-commerce field ,some people using Bitcoin currency instead of US Dollars at online works because of it has many features more than any default currency, Satoshi Nakamoto created this currency in 2009 , I talked about what is bitcoin before you can read it from this link

? What is Bitcoin Mining

Bitcoin Mining is the operation of appending transaction records to Bitcoin's public ledger of past transactions or the so-called (blockchain). This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to emphasize transactions to the rest of the network as having taken place

Bitcoin nodes use the block chain to differentiate legal Bitcoin transactions from the efforts to re-spend coins that have already been spent in another place

Bitcoin Mining 

? How Bitcoin Mining Works

As known with paper money, a governments print and distribute to get money. Bitcoin doesn't have a central bank or government , with Bitcoin, miners use special software to get Bitcoins and are released a specific number of bitcoins in exchange. This provides very smart way to release the currency and also creates an incentive for more people to mine

? How To Mine Bitcoins

: There are many hardware devices to mine Bitcoins easily ,you can buy these devices from amazon

ANTMINER S7-LN 2.70TH/s Bitcoin Miner with Power Supply

Hash Rate: 2.7 TH/s -

Power supply: 1000W Enermax Gold included -

Power Consumption: 697W + 10% -

Power Efficiency: 0.25 J/GH + 10% -

Cooling: two 120mm fans -

Avalon6 Bitcoin Miners - 3.5 TH/s

Hash Rate : 3.5TH/s -

Power Efficiency : 0.29 Watts/GH at the wall -

Performance Variance : 5% variance possible on quoted performance statistics -