1 Bitcoin Rate (selling) = 321,921 INR ($ 5045.68) | 02/09/2017
Bitcoin is a decentralized digital currency in simple way the bitcoin is a money & Bitcoin is the virtual banking currency of the internet but the fetish difference is just that you can not touch it and The big difference is no central government regulating it, then how do we know that the transactions are accurate?.
Bitcoin develop by Satoshi Nakamoto and his launched bitcoin in 2009, it is established that there will be a limited and scheduled release, no more than 21 million BTC can ever be created.
To use Bitcoin, you need to install Bitcoin wallet. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can pay or receive a bitcoin on this bitcoin wallet address.
How Does Bitcoin Work? (Bitcoin Mining) :
Many currency exchanges exist on the Internet where you can buy and sell bitcoins. your coins are saved in your digital wallet on your computer or mobile device or any online wallet.
Bitcoin mining requires a computer and a special program. Miners will use this program and a lot of computer resources to compete with other miners in solving complicated mathematical problems. About every ten minutes, they will try to solve a block that has the latest transaction data in it, using cryptographic hash functions.
CPU Mining:
Early Bitcoin client versions allowed users to use their CPUs to mine. The advent of GPU mining made CPU mining financially unwise as the hashrate of the network grew to such a degree that the amount of bitcoins produced by CPU mining became lower than the cost of power to operate a CPU.
GPU Mining:
GPU Mining is drastically faster and more efficient than CPU mining.
Mining services (Cloud mining):
Mining contractors provide mining services with performance specified by contract, often referred to as a "Mining Contract". They may, for example, rent out a specific level of mining capacity for a set price for a specific duration.
Bitcoin is a decentralized digital currency in simple way the bitcoin is a money & Bitcoin is the virtual banking currency of the internet but the fetish difference is just that you can not touch it and The big difference is no central government regulating it, then how do we know that the transactions are accurate?.
Bitcoin develop by Satoshi Nakamoto and his launched bitcoin in 2009, it is established that there will be a limited and scheduled release, no more than 21 million BTC can ever be created.
To use Bitcoin, you need to install Bitcoin wallet. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can pay or receive a bitcoin on this bitcoin wallet address.
How Does Bitcoin Work? (Bitcoin Mining) :
Many currency exchanges exist on the Internet where you can buy and sell bitcoins. your coins are saved in your digital wallet on your computer or mobile device or any online wallet.
Bitcoin mining requires a computer and a special program. Miners will use this program and a lot of computer resources to compete with other miners in solving complicated mathematical problems. About every ten minutes, they will try to solve a block that has the latest transaction data in it, using cryptographic hash functions.
CPU Mining:
Early Bitcoin client versions allowed users to use their CPUs to mine. The advent of GPU mining made CPU mining financially unwise as the hashrate of the network grew to such a degree that the amount of bitcoins produced by CPU mining became lower than the cost of power to operate a CPU.
GPU Mining:
GPU Mining is drastically faster and more efficient than CPU mining.
Mining services (Cloud mining):
Mining contractors provide mining services with performance specified by contract, often referred to as a "Mining Contract". They may, for example, rent out a specific level of mining capacity for a set price for a specific duration.
