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A practical guide to Bitcoin mining Written by Danilo Vezzoni The first virtual currencies (cryptocurrencies) appeared in 2009 with the emergence of Bitcoin. Since then, they haven’t stopped growing and new alternatives have emerged. This article will provide a practice guide to obtaining Bitcoins via Bitcoin mining. What can we do with a cryptocurrency? A while ago it could be seen as something temporary, but nowadays we see that more and more places accept cryptocurrencies, and there are even countries that have ATMs where you can exchange real money for virtual currency. Even Dell in its US online store used to accept payments with Bitcoins, although due to low demand this payment option was discontinued. Bitcoin has a very high value compared to the rest of the cryptocurrencies, which makes it the main or most important among all virtual currencies. What are Bitcoins? The Bitcoin is a decentralized digital currency, which means that it is not regulated by the government nor the banks; it is governed in a certain way by the users. There are two types of people in the world of Bitcoins: people who validate transactions and people who don’t. When someone wants to send Bitcoins to another person, these people validate such transaction; the personal password of the person sending Bitcoins is validated, as well as the amount sent and their previous transactions to validate that the money being transferred existed www.belatrixsf.com | belatrixsf.com/blog - USA | Argentina | Peru | Colombia | Page 1 +1 (617) 608 - 1413 (international line)PDF Image | A practical guide to Bitcoin mining
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