In the https://truxgo.net/blogs/216430/318437/bitcoin early days of Bitcoin mining, an everyday desktop computer or laptop was powerful enough to uncover new blocks. The computer’s central processing unit, or CPU, was sufficient to discover new blocks. Later, it was discovered that graphics processing units, or GPUs, used for gaming were more efficient at solving the hashing problem. Bitcoin mining works by having…

Even though bitcoin has gained wide acceptance across the globe, it still remains highly contested in some countries because of its decentralized nature and volatility and its exorbitantly high power consumption. Developed nations may well have an edge when it comes to location…

The rewards for Bitcoin mining are reduced by half roughly every four years. By verifying transactions, miners are helping to prevent the "double-spending problem." They are doing the work of verifying the legitimacy of Bitcoin transactions. This convention is meant to keep Bitcoin users honest and was conceived by Bitcoin's founder, Satoshi Nakamoto. Therefore, whenever you see someone post information on how to get into cryptocurrency, be wary that they may not have your best interest at…