Date: 16.12.2023
Categories: How bitcoin
Bitcoin creator Satoshi Nakamoto envisioned a world in which everyone could participate in the mining process to secure the Bitcoin network and get freshly. Well at a simple level you just buy an ASIC (a bitcoin mining machine) such as a bitmain S19, plug it in, connect the miner to a mining pool. To begin, miners are the ones who propose updates to the ledger and only miners who have successfully completed the Proof-of-Work (PoW) are permitted to add a. ❻
A mining pool is a group of crypto miners who pool their resources and share rewards. By working together, miners are much more likely to get the chance to mine.
Bitcoin creator Satoshi Nakamoto envisioned a world in which everyone could participate in the mining process to secure the Bitcoin network and get freshly.
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