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technologies(cryptography, peer-to-peer networks, distributed databases) and some users mine bitcoins to help build experience with these technologies. Since Bitcoin functions as a currency and mining can be operated as a business process, a large number of miners do it for profit. It is a tough business however because Bitcoin prices can fluctuate fairly widely and investment costs for a mining business can easily be in the tens of thousands of dollars. If you can operate efficiently, you may want to attempt to mine for profit but be sure to do your homework before making any big purchases. Mining is a way to get bitcoins and this appeals to those who might want to obtain bitcoins steadily without using services such as exchanges or by selling any good they produce or service they perform as a profession. Another motivation may be for anonymity. If you solve a block and are careful to connect to the Bitcoin network using Tor (The Onion Router), mining is a way to obtain bitcoins completely anonymously. In addition to being a payment network, Bitcoin is a software project and there are many software projects that depend on the Bitcoin network for their own success. If your project depends on Bitcoin, 8 Introduction to Bitcoin MiningPDF Image | Introduction to Bitcoin Mining 2012
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