What is Bitcoin Mining – Bitcoin Mining

Once a new block is created in the blockchain, the creator is rewarded with 12.5 Bitcoins, which happens approximately every 10 minutes. It’s a reward for the so-called “mining” process, which spends electricity and computing on Bitcoin network maintenance. Bitcoin mining involves many people and specialized companies around the world and creates a core value of Bitcoin. The system automatically generates new Bitcoins and automatically regulates the speed of this process, so there is no way to get around the rules and gain bitcoins faster than by scaling up the investments in the system. mining equipment and with larger expenditures of electricity.

Who invented Bitcoin?

In a cryptography mailing list in a research paper titled Bitcoin: A Peer-to-Peer Electronic Payment System.

What’s more interesting is that his name is probably a nickname used by a stranger or several people who have designed Bitcoin. In 2016 a  Australian capitalist  declared himself “

 When Bitcoin was created

The financial history of Bitcoin has its origins in 2010, May 22, when someone bought a pizza with Bitcoins for the first time. If you have not heard of this major event, do not worry, you are not the only one. The pizza was not the most important part of the transaction – the cryptocurrency was. The meal price 10,000 Bitcoins which was the primary occasion this near money was used to buy amazing in the real world. Today, Bitcoin fans celebrate Bitcoin Pizza Day every year.. The use and value of Bitcoin have soared. This dinner that cost 10,000 Bitcoins today costs about 20 million dollars.