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Bitcoin Mining | How Bitcoin Mining Works

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Bitcoin is a decentralised digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin’s network without the need for intermediaries.

It is the world’s first completely open payment system. There are over 10 million bitcoins worldwide. Bitcoin’s is a virtual currency, virtual means that it does not have any physical form like other currency, it is a digital currency. It is a pose that you can neither see nor touch. It is stored electronically only. If someone has bitcoin then he can buy stuff like normal currency.

Bitcoin Mining

Therefore, bitcoin mining is the process by which new bitcoins enter into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger.

Bitcoin miners need special hardware for mining or say a powerful computer whose processing is fast, besides bitcoin mining software is needed. If the miners complete the transaction then they get the transaction fee. A new transaction has to be included in the block for it to be confirmed.

How Bitcoin Work

Each Bitcoin is basically a computer file that is stored in a digital wallet app on a smartphone or computer. People can send Bitcoins to your digital wallet, and you can send Bitcoins to other people. You can buy Bitcoins using Real Money. You can sell things and let people pay you with Bitcoins.

Here is a list of the top bitcoin mining software available in the market –

1) BeMine

2) Cudo Miner

3) Ecos

4) Kryptex Miner

5) BFG Miner

6) Easy Miner

7) Multi Miner

8) CG Miner

9) Awesome Miner

Above all, 1 to 9 is the bitcoin mining software.

Wherever you know any other good software then you can tell us by commenting. In conclusion my opininion these are the top most cryptocurrency software.

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