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Board Beginners & Help
Re: what bitcoin mining really means
by
monkeydominicorobin
on 22/09/2017, 00:51:49 UTC
Bitcoin mining is really exciting to me. But what exactly is it doing? What are the hashes it's ... cracking? Where do they come from? I don't exactly understand that aspect of it. It seems like you're using your resources to obtain another valuable resource just as gold mining, but that's easier to understand

When you encounter the words. Bitcoin Network. It doesn't mean multi-level marketing. It is a real network of computers created by ordinary and talented people whose aim is to make transactions within the network possible. Auditing or in other words MINING is not as simple as mutualism. Some people are not  in it to earn. They are there because they believe that they can make Bitcoin transactions reliable by auditing or again mining. It is the basic reason why Bitcoin grew to what it is today. Mining made it happen by adding reliability to the transactions.