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What is Bitcoin mining? Explained

From thestreet.com

If you’ve ever wondered how Bitcoin actually works—beyond the price charts and celebrity tweets—this one's for you. At The Street Roundtable with host Fefe Demeny, Hive Digital Technologies’ Executive Chairman Frank Holmes joined host Fefe Dlamini to explain the nuts and bolts of Bitcoin mining. "Bitcoin mining is like a big guessing game on computers," Holmes explained. "People use powerful computers to solve really hard puzzles. And when they get the answer right, they earn some new—they call them Virgin Bitcoins—as a prize." That’s right. The process is basically computers racing to solve math problems. Whoever ... (full story)

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