What is Bitcoin Mining? Concept introduced in the year 2009 by #SatoshiNakamoto. Whether, Satoshi Nakamoto is a real name or a pseudonym of an individual or is it a group? Nobody knows. The search still goes on. Bitcoin is a digital currency with an open source code as well as an online payment system. Bitcoin transfer is based on a peer to peer platform relying on in-house transaction confirmation and authentication without third party intervention. All transactions are recorded into a public ledger called the #Blockchain which is open to all for inspection. #Bitcoins are not produced like regular currencies in mints but are mined like gold. #MiningofBitcoins will cease in the year 2140. Only 21 million Bitcoins will ever be created. Bitcoin is finite like gold. ...
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