ELI5:Bitcoin FAQ & Megathread : explainlikeimfive

What is Bitcoin? (v1) - YouTube What Is Bitcoin?  ELI5 know everything about crypto mining in 5 mins - ELI5 about blockchain mining What Is Bitcoin? - YouTube WHAT IS BITCOIN?

bitcoin mining pools list - Bitcoin mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block. The solution to this problem was for miners to pool their resources so they could generate blocks quicker and therefore receive a portion of the Bitcoin block reward on a consistent basis, rather ... ELI5: Bitcoin is internet money. Bitcoin is made by special computers that solve hard math problems. Anyone can use Bitcoin as long as they have a computer or a smartphone. Bitcoin is stored on "wallets" which are just apps that store, send, and receive Bitcoin. You can send Bitcoin to anyone in the world. Bitcoin's price is determined by how many Bitcoin people have available to buy, and how ... Da Bitcoin-Mining im Grunde genommen eine Vermutung ist, hat das Erreichen der richtigen Antwort vor einem anderen Mining-Unternehmen fast alles damit zu tun, wie schnell Ihr Computer Hashes erzeugen kann. Noch vor einem Jahrzehnt konnte das Bitcoin-Mining auf normalen Desktop-Computern wettbewerbsfähig durchgeführt werden. Mit der Zeit erkannten die Bergleute jedoch, dass Grafikkarten, die ... Bitcoin transactions are verified by Bitcoin miners which has an entire industry and Bitcoin cloud mining options. While developers are improving the software they cannot force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules ... ELI5:Bitcoin FAQ & Megathread. Official. As a reminder, we've covered bitcoin, blockchain and cryptocurrency several times in this sub. Help answer common questions. What is bitcoin? What is bitcoin mining? Why are ASIC and GPU or video cards used instead of a more general purpose CPU? What is block chain? and how is it used? How is the value of bitcoin determined, and what backs the currency ...

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What is Bitcoin? (v1) - YouTube

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