Bitcoin | How Does It Work | HowCan I Make Money Mining It?

<br /> <h2 style="text-align: center;"> <a href="http://www.vutampa.com/2016/10/bitcoin-how-does-it-work-howcan-i-make.html" target="_blank">Bitcoin | How Does It Work | Who Do I Make Money Mining It?</a></h2> <br /> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/Lx9zgZCMqXE?rel=0&controls=0&showinfo=0" width="100%"></iframe> <br /> <div class="post-body entry-content" id="post-body-2016065237735577921" itemprop="description articleBody" style="background-color: white; font-stretch: normal; line-height: 1.5em; position: relative; z-index: 0;"> <h4 style="color: #333333; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="font-family: "times" , "times new roman" , serif;"><br /></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;"><br /></span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">How Does Bitcoin Mining Work?</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">The answer is mining. Every ten minutes or so mining computers collect a few hundred pending bitcoin transactions (a “block”) and turn them into a mathematical puzzle. ... The miner who found the solution gets 25 bitcoins as a reward, but only after another 99 blocks have been added to the ledger.</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;"><br /></span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">What is the block chain?</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">A blockchain is the structure of data that represents a financial ledger entry, or a record of a transaction. Each transaction is digitally signed to ensure its authenticity and that no one tampers with it, so the ledger itself and the existing transactions within it are assumed to be of high integrity.</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;"><br /></span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">What is a bit coin?</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren't printed, like dollars or euros – they're produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;"><br /></span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">What is a Bitcoin miner?</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;"><br /></span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">What is a CPU miner?</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">CPU Miner is a potentially unwanted program that is created to mine digital currency (BitCoins) when your computer's CPU is idle. CPU Miner is commonly bundled with other free programs that you download off of the Internet.</span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;"><br /></span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="font-weight: normal;"><span style="color: #333333; font-family: times, times new roman, serif;"></span></span></h4> <h4 style="font-stretch: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: #333333; font-family: times, times new roman, serif;"><span style="font-weight: normal;">Every time someone successfully creates a hash, they get a reward of 25 bitcoins, the blockchain is updated, and everyone on the network hears about it. That's the incentive to keep mining, and keep the transactions working. ... The bitcoin protocol won't just accept any old hash.</span></span></h4> <div> <br /></div> <h4 style="color: #333333; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="font-family: "times" , "times new roman" , serif;"><br /></span></h4> <h4 style="color: #333333; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="font-family: "times" , "times new roman" , serif;">Other Article Of Interest:</span></h4> <div> <span style="font-family: "times" , "times new roman" , serif;"><a href="http://www.vutampa.com/2016/10/bitcoin-how-does-it-work-howcan-i-make.html" target="_blank">How Does Bitcoin Mining Work?</a></span></div> <div> <span style="color: blue; font-family: "times" , "times new roman" , serif;"><a href="http://www.vumiami.com/2016/10/wikileaks-what-is-it-how-does-it-work.html" style="text-decoration: none;" target="_blank">What Is WikiLeaks How Does It Work?</a><br /><a href="http://www.vulosangeles.com/2016/10/bitcoin-what-is-it-is-it-untraceable.html" style="text-decoration: none;" target="_blank">What Is Bitcoin Is It Untraceable?</a></span></div> <div> <div> <a href="http://www.vuatlanta.com/2016/10/news-is-bad-for-you-is-it-like-drug.html" style="text-decoration: none;" target="_blank"><span style="color: blue; font-family: "times" , "times new roman" , serif;">News Is Bad For You - Is It Like A Drug?</span></a></div> <span style="color: blue; font-family: "times" , "times new roman" , serif;"><a href="http://www.vunewyork.net/2016/10/rothschild-dynasty-are-they-only.html" style="text-decoration: none;" target="_blank">Rothschild Dynasty Are They The Only Trillionaires in the World? - Documentary</a><br /><a href="http://www.vudenver.com/2016/10/nikola-tesla-history-story-of-genius.html" style="text-decoration: none;" target="_blank">Nikola Tesla History - Story of a Genius - Documentary </a></span></div> <span style="font-family: "times" , "times new roman" , serif;"><span style="color: blue;"><a href="http://www.vunewyork.net/2016/09/tallest-building-in-world-what-is-next.html" rel="nofollow" style="line-height: normal; text-decoration: none;" target="_blank">Tallest Building in The World - What Is Next</a><br /><a href="http://www.vuatlanta.com/2016/09/international-space-station-how-it-works.html" rel="nofollow" style="line-height: normal; text-decoration: none;" target="_blank">International Space Station - How It Works</a><br /><a href="http://www.vurhodeisland.com/2016/07/how-to-cleanse-your-liver.html" style="text-decoration: none;" target="_blank">How To Cleanse Your Liver</a><br /><a href="http://www.vuomaha.com/2016/05/how-to-create-effective-landing-page.html" style="text-decoration: none;" target="_blank">How To Create An Effective Landing Page Sales Funnel That Convert</a><br /><a href="http://www.vuphoenix.com/2016/05/what-is-retargeting-how-does-it-work.html" style="text-decoration: none;" target="_blank">What Is Retargeting How Does It Work</a><br /><a href="http://www.vunaples.com/2016/03/brazilian-wasp-venom-kills-cancer-cells.html" style="text-decoration: none;" target="_blank">Brazilian Wasp Venom Kills Cancer Cells </a><a href="http://www.vuchicago.com/2016/03/snapchat-for-dummies.html" style="text-decoration: none;" target="_blank">Snapchat For Dummies</a><br /><a href="http://www.vutampa.com/2016/02/how-to-remove-warts-with-tea-tree-oil.html" style="text-decoration: none;">How to Remove Warts With Tea Tree Oil : Naturopathic Medicine</a><br /><a href="http://www.vumiami.com/2015/12/new-planet-in-our-solar-system.html" style="text-decoration: none;" target="_blank">New Planet In Our Solar System</a></span></span><br /> <h4 style="color: #333333; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="font-family: "times" , "times new roman" , serif;">Medical Articles Of Interest:</span></h4> <span style="font-family: "times" , "times new roman" , serif;"><span style="color: blue;"><a href="http://www.naples-md.com/2015/01/how-to-avoid-facelift.html" style="text-decoration: none;">How to avoid a Facelift</a><br /><a href="http://www.naples-md.com/2014/12/botox-breast-lift.html" style="text-decoration: none;">BOTOX® Breast Lift</a><br /><span style="text-decoration: underline;">When Is The Best Time To Have A Facelift</span><br /><span style="text-decoration: underline;">Non Surgical Skin Tightening</span><br /><span style="text-decoration: underline;">Plastic Surgery Questions Commonly Asked</span><br /><span style="text-decoration: underline;">Non-Surgical rejuvenation Botox, Juvederm, and Voluma versus a Facelift Surgery</span><br /><span style="text-decoration: underline;">Vaginal Rejuvenation with Spectacular results</span></span><br /><span style="color: blue;"><span style="text-decoration: underline;"><br /></span></span></span><br /> <h4 style="color: #333333; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Other University Articles of Interest: </span></span></h4> <span style="font-family: "times" , "times new roman" , serif;"><span style="color: blue;"><a href="http://www.universityvu.com/2016/04/4th-annual-sunchase-challenge.html" style="text-decoration: none;" target="_blank">4th Annual SUNCHASE Challenge</a><br /><a href="http://www.universityvu.com/2016/04/fgcu-college-of-engineering-eagle-expo.html" style="text-decoration: none;" target="_blank">FGCU College of Engineering Eagle EXPO</a><br /><a href="http://www.universityvu.com/2016/04/fgcu-engineering-e-week.html" style="text-decoration: none;" target="_blank">FGCU Engineering E-Week</a><a href="http://www.universityvu.com/2016/03/fgcu-project-lead-way.html" style="text-decoration: none;" target="_blank">FGCU - Project Lead The Way</a><br /><a href="http://www.universityvu.com/2016/03/fgcu-engineering-department-hosts-awwa.html" style="text-decoration: none;" target="_blank">FGCU Engineering Department Hosts AWWA Model Water Tower Competition</a><br /><a href="http://www.universityvu.com/2016/02/hertzcollege-of-engineering-hackathon.html" style="text-decoration: none;" target="_blank">Hertz/College of Engineering HACKATHON</a><br /><a href="http://www.universityvu.com/2016/02/united-way-we-can-all-make-difference.html" style="text-decoration: none;" target="_blank">United Way - We Can All Make a Difference</a><br /><a href="http://www.universityvu.com/2016/02/fgcu-engineering-students-test-steel.html" style="text-decoration: none;" target="_blank">FGCU Engineering Students Test Steel</a><br /><a href="http://www.universityvu.com/2016/01/fgcu-engineering-job-fair.html" style="text-decoration: none;" target="_blank">FGCU Engineering Job Fair</a></span><br /></span><br /> <h4 style="color: #333333; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="color: blue;"><span style="color: black;"><span style="font-family: "times" , "times new roman" , serif;">Real Estate Articles of Interest:</span></span></span></h4> <span style="color: blue; font-family: "times" , "times new roman" , serif;"><u><span style="text-decoration: none;"><a href="http://www.realestate-vu.com/2015/04/buyers-shift-focus-to-condominium.html" style="text-decoration: none;" target="_blank">Buyers Shift Focus to Condominium Market 1st Qtr 2015</a></span></u><br /><u><a href="http://www.realestate-vu.com/2015/03/naples-real-estate-area-february-2015.html" style="text-decoration: none;" target="_blank">Naples Real Estate Area February 2015 Market Report</a></u><u> </u><br /><u><span style="text-decoration: none;"><a href="http://www.realestate-vu.com/2015/02/naples-real-estate-area-january-2015.html" style="text-decoration: none;" target="_blank">Naples Real Estate Area January 2015 Market Report</a></span></u><br /><a href="http://www.realestate-vu.com/2014/10/low-inventory-impacts-market-naples.html" style="text-decoration: none;" target="_blank">Low Inventory Impacts Market Naples Florida</a><br /><a href="http://www.realestate-vu.com/2014/11/real-estate-brokers-business-philosophy.html" style="text-decoration: none;" target="_blank">Real Estate Brokers Business Philosophy</a><br /><a href="http://www.realestate-vu.com/2014/12/naples-real-estate-november-2014-market.html" style="text-decoration: none;" target="_blank">Naples Real Estate November 2014 Market Report</a><br /><a href="http://news.realestatemls.com/2014/12/selling-your-home-clean-repair-purge.html" style="text-decoration: none;" target="_blank">Selling Your Home Clean Repair Purge</a></span></div> <div class="post-body entry-content" id="post-body-2016065237735577921" itemprop="description articleBody" style="background-color: white; font-stretch: normal; line-height: 1.5em; position: relative; z-index: 0;"> <span style="color: #333333; font-family: "times" , "times new roman" , serif;"><span style="color: blue;"><br /></span></span> <br /> <h4 style="color: #333333; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="font-family: "times" , "times new roman" , serif;">Other Videos of Interest:</span></h4> <span style="font-family: "times" , "times new roman" , serif;"><span style="color: blue;"><a href="https://www.youtube.com/watch?v=p6mOr1LlHjk" style="text-decoration: none;" target="_blank">Botox Doctors Naples</a><br /><a href="https://www.youtube.com/watch?v=m4ag81mo98A" style="text-decoration: none;" target="_blank">Naples Dentists</a><br /><a href="https://www.youtube.com/watch?v=kw_WZdpd1lk" style="text-decoration: none;" target="_blank">Real Estate Video Production</a><br /><a href="https://www.youtube.com/watch?v=po1DATCau14" style="text-decoration: none;" target="_blank">Naples Web Design</a><br /><a href="https://www.youtube.com/watch?v=fhRNtRCc3Tk" style="text-decoration: none;" target="_blank">Digital Marketing Company</a><br /><a href="https://www.youtube.com/watch?v=mTn5YehAKPQ" style="text-decoration: none;" target="_blank">Naples Real Estate</a><br /><a href="https://www.youtube.com/watch?v=gt62VeXVvWc" style="text-decoration: none;" target="_blank">Real Estate Marketing</a><br /><a href="https://www.youtube.com/watch?v=q_fk4m7EPEA" style="text-decoration: none;" target="_blank">Dental Scrap</a><br /><a href="https://www.youtube.com/watch?v=gHy0KXXBJzg" style="text-decoration: none;" target="_blank">Real Estate</a></span></span></div> <div class="post-body entry-content" id="post-body-2016065237735577921" itemprop="description articleBody" style="background-color: white; font-stretch: normal; line-height: 1.5em; position: relative; z-index: 0;"> <span style="font-family: "times" , "times new roman" , serif;"><span style="color: blue;"><a href="https://www.youtube.com/watch?v=gt62VeXVvWc" target="_blank">Video Marketing</a></span></span><br /> <h4 style="color: #333333; font-stretch: normal; font-weight: normal; line-height: normal; margin: 0px 0px 10px;"> <span style="font-family: "times" , "times new roman" , serif;">Other Services of Interest:</span></h4> <a href="http://vustudios.com/" style="color: #999999; text-decoration: none;" target="_blank"><span style="color: blue;"><span style="font-family: "times" , "times new roman" , serif;">Real Estate & Aerial Drone Photography</span></span></a></div>

Bitcoin | How Does It Work | HowCan I Make Money Mining It?

Bitcoin | How Does It Work | Who Do I Make Money Mining It? How Does Bitcoin Mining Work? The answer is mining. Every ten mi...

Read more »