What is Bitcoin Mining Game (What the Hell is Bitcoin Mining)
Bitcoin mining is a cryptocurrency mining game based on blockchain technology a
Bitcoin mining is a cryptocurrency mining game based on blockchain technology and multiplayer online (MMO). Players can use their computers or mobile devices to run various mining projects and earn BTC, ETH, and other digital assets through transactions.
In addition to mining, the game also offers some other features, such as decentralized identity authentication. In addition, tokens can be obtained as rewards for purchasing goods and services. Currently, there are only 21 million bitcoins in circulation worldwide, but with more and more investors entering the market, this number will grow exponentially. On December 1, 2017, according to coinmarketcap data, this trend appeared for the first time in 17 months at the end of the third quarter of 2017; at the beginning of 2018, the price of bitcoin rose from around $34,000 to nearly $20,000, an increase of more than 30%. (Coindesk.com)
What the Hell is Bitcoin Mining
According to Cointelegraph, the “Bitcoin Mining Whitepaper” released on June 10 mentioned what the hell Bitcoin mining is, and how this mysterious existence came about. According to publicly available documents: Bitcoin mining is a new technology for cryptocurrency mining through Proof of Work (PoW) consensus mechanism. The Bitcoin blockchain is managed and operated by a network called “Bitcoin Block Producer”. Each network requires a large amount of energy to ensure the security, stability, and reliability of the network in order to achieve the same functions or capabilities as other computers. Therefore, this project is called Bitcoin mining.
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