What is Bitcoin Mining

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.
                                                                                                         

See all Process for #MiningBitcoins Visit: http://btcmine.biz/How-it-works.html

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