The process of mining Bitcoin involves solving a complex mathematical puzzle, known as a hash, using specialized software and hardware. The miner that solves the puzzle first is rewarded with new BTC, as well as the transaction fees associated with the transactions included in the block.
The process of mining Bitcoin involves solving a complex mathematical puzzle, known as a hash, using specialized software and hardware. The miner that solves the puzzle first is rewarded with new BTC, as well as the transaction fees associated with the transactions included in the block.
People automatically assume that in order to mine bitcoin they need to outlay a significant investment in extremely expensive equipment, however that is not entirely accurate. In this article RR2 Capital will help explain the mechanics of bitcoin mining at home.
