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Bitcoin mining in Nigeria (Getting started)

Bitcoin mining in Nigeria (Getting started)

Bitcoin mining in Nigeria(How to get started) Bitcoin mining is the process in which Bitcoin transactions are added to a public ledger called the blockchain. It is through Bitcoin mining that a new bitcoin is created. Bitcoin mining keeps the blockchain secure and ensures that bitcoin cannot be spent twice. In this post, am going to be writing about all you will need to know about Bitcoin mining, how to start Bitcoin mining in Nigeria and also if Bitcoin mining…

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What is bitcoin mining?

What is bitcoin mining?

What is bitcoin mining? The Bitcoin protocol stipulates that 21 million Bitcoin will exist at some point. What Bitcoin miners do is bring them out into the light, a few at a time. Bitcoin mining is performed by high powered computers that solve complex mathematical computations, these computations are impossible to solve by hand. When computers solve these computations, they add transactions to the blockchain and as a reward, they get a new Bitcoin. How does it work? What these…

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