There are 21 million Bitcoins available in the world.Make sense? So let’s look at it this way: So, the more you find, the less is left, and the more the value will rise as you get to the end of your undiscovered supply. Like gold or diamonds, there is a limited amount of it out there. But that also means it’s a whole lot harder to mine. It also means faster transactions, with more Bitcoin miners hard at work to push these transactions through the world’s digital economy.Īs we just mentioned, more Bitcoin miners mean the currency is faster and safer. Adding more Bitcoin miners will mean a more secure network for the world. They approve or deny a transaction, with an eye out for fraudulent deals.Īnd if the deal is approved, they get a piece of the action for their effort. Now, they also earn money another way: by monitoring and approving Bitcoin transactions. They go out on the web and solve incredibly complex math problems to mine the Bitcoin currency, and when they succeed, they’re rewarded with Bitcoin payments for their hard work. Only, they’re not using a pickaxe, they’re using a specialized software, or hardware like a USB Bitcoin Miner. That’s pretty much the model of the Bitcoin miner. And for their trouble, these miners would often get rewarded with a bit of currency themselves. Miners would be the ones going into the mines and unearthing these precious stones and metals so they could be put into the economy. In the old, old days before we started to print money, jewels and medals were the currency we exchanged. The term “miner” actually is very accurate and fitting. It’s done! How is this possible? Behind the hard work and digital heavy lifting of bitcoin miners. But again, with Bitcoin: 10 minutes, smartphone, pajamas, tea. And then the money would be in escrow for a few days. Plus convert to their own local currency. If you wanted to do the same thing with traditional currency, it would take you a day just to work with all the banks involved to confirm and transfer the amount. We live in an age where you can take out your smartphone and send 10 different amounts of Bitcoin to 10 different people, in 10 different countries, in less than 10 minutes.Īnd you can do it from your smartphone, in your pajamas with a cup of tea. Maybe you’ve heard of how versatile and simple it is to use and exchange. Maybe you’re drawn to some of the things you’ve heard about Bitcoin- how it may be the currency of the future. Read on to learn about bitcoin and how to get started as a USB bitcoin miner.ĭo you think you have what it takes to become a bitcoin miner? Are you looking at buying a USB Bitcoin Miner? ![]() Getting into the world of bitcoin is exciting, but can also be a little confusing. How to Get Started as a USB Bitcoin Miner
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