Editing Commission to Reform WPLUG
Warning: You are not logged in.
Your IP address will be recorded in this page's edit history.The edit can be undone.
Please check the comparison below to verify that this is what you want to do, and then save the changes below to finish undoing the edit.
Latest revision | Your text | ||
Line 90: | Line 90: | ||
==== What is mining? ==== | ==== What is mining? ==== | ||
− | In cryptocurrency mining, computer operators compete against each other for the privilege of processing each | + | In cryptocurrency mining, computer operators compete against each other for the privilege of processing each block of Bitcoin transactions and earning its processing fees. They work to solve a very difficult math problem, and the person who solves it first gets to process the block. Therefore, the more processing power you have, the more competitive you are in Bitcoin mining. |
(Each block is posted to a public ledger of transactions called the blockchain. Miners refer to the blockchain to make sure that every transaction is legitimate.) | (Each block is posted to a public ledger of transactions called the blockchain. Miners refer to the blockchain to make sure that every transaction is legitimate.) |