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Thursday 23 June 2016

What is Bitcoin mining ?

What is Bitcoin mining?

The exploration or mining process that is not only complex calculations and solve the blades by sophisticated computers or devices that have become the process now instead of computers that no longer allows the force unzip blades more and more difficult over time because of the intense competition to decode the block code "BLOCK " , where unzip the code first, gets the equivalent that have been identified by programmers who downloaded construction Hortatory bitcoin currency, when each block blade or a solution of equivalent obtained, which are:
When the Bitcoin in 2009 and in late 2012 was the equivalent of 50 Bitcoin code when each block solution then output at the limit of the end of the same value date of 50 Bitcoin very end of 2012 Bitcoin was $ 10.5 million dissolve blades equal to the number of blocks 210 block a and note that this is equivalent to halving every four years almost, a number of blocks 210 000 and the production of pro four years ( 2012-2016) is 5,250,000 Bitcoin and this time was equivalent to just 25 when the code of each Bitcoin block solution and this algorithm will continue in this vein until the last production Satoshi (the smallest unit of 0,100 bitcoin- bitcoin= 1million of satoshi) by the year 2140 to stop the production of a final bitcoin and thus stop the mining process.
After we received approval for which is a mining and the way it is, let us know how we can we can make this process them, it should be mentioned that there are two types of mining can take advantage of them for the currency Bitcoin collection

First of all - mining by installing the program:

The process of obtaining Bitcoin currency through the mining program, which is highlighted on your computer and during the race are in contact with the Bitcoin network, and therefore your computer comes perform complex calculations and decoding blades "block" block all verification processes send and receive Bitcoin wallets of all Bitcoin users worldwide and this process is the Bmtabh drilling and exploration of the play is called Bitcoin mining and therefore get your abilities and force, and when they are the best features of your computer every time I gained more.
Mining configured via the setup program on your computer is a complex program somewhat and consume computing resources and increasingly complex with the passage of time and therefore less profitable, and let me tell you that it is currently impossible, and whatever the power of your device to get the equivalent of your own, became Miners they collectively on the same block extraction to solve the blade, and the like are sharing all at the expense of the power of his machine, the only mining (solo) or even collectively "pool" Poole form can say it is not profitable final with the increasing difficulty of decryption, for this group of sites bloom a little play in this process instead of you, or rather, instead of your computer so that you tracts be evaluated in the second Hash / s
And hash is a drilling unit or operating plants and for your participation in these sites by purchasing a contract (contracts) provided by the site, and that's what we call cloud mining exploitation.

Second - mining Cloud:

One of the drawbacks of Bitcoin mining software of the device to harness the energies and computing resources and therefore Alto tar efficiency while working on it and in the future, because these companies invest in the purchase of part of the equipment seems to sophisticated mining Bitcoin currency these companies offer subscribers the ability of mining means a cloudy work with your map on the screen of your computer or via the processor, Leasing spaces called "GHS", and and mining and whenever participated larger sizes each time gain is greater.

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