What is Bitcoin Mining | Platinum Trading Institute - PowerPoint PPT Presentation

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What is Bitcoin Mining | Platinum Trading Institute


Bitcoins, as well as Bitcoin mining, have recently captured wide interest. Learn Bitcoin Mining and Bitcoin Mining Pool. Visit our site: www.platinumtradinginstitute.com/ – PowerPoint PPT presentation

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Title: What is Bitcoin Mining | Platinum Trading Institute

  • What is Bitcoin Mining?

What is Bitcoin Mining? How can I Mine My Own
  • Along with Bitcoins, their Bitcoin Mining has
    also recently captured wide interest. 
  • Bitcoin mining is energy intensive, so it is very
    expensive. It also requires a Proof of Work, to
    demonstrate that the miners have expanded
    sufficient resources to win a Bitcoin fee.

  • In order to prove their claim to the fee, they
    compete on a P2P network, where the competition
    involves solving a series of complex mathematical
  • This competition or the race is characterized by
    the processing speed (hash rate), and the
    processing power, the hardware hash power.
  • As the competition proceeds, the computer appends
    hashing functionality on the header of the block.
    The block header or a hash uses a unique set of
    numbers known as a nonce.
  • The as different nonce is created, the computer
    looks for the correct nonce. Once it is
    identified, and unanimously recognized by P2P
    network, the corresponding miner is allowed to
    Bitcoin Mining as well as the finding fee,
    currently set at 12.5 coins in Bitcoins.

How to Start Bitcoin Mining?
  • The legal issues surrounding Bitcoin mining in
    the US are still evolving.
  • Also, the objective of this Blog is to NOT
    recommend a process that may have some legal
  • Hence, the ideas presented below are meant to
    satisfy only the scientific curiosity of the
    readers. They are advised to seek legal,
    accounting, and professional help prior to
    initiating Bitcoin mining.
  •  For large scale mining, they can join a best
    bitcoin mining pool or even opt for Bitcoin
    mining cloud groups. There are advantages to
    joining the best Bitcoin mining pool, as they
    collectively solve for at least some coins in a

  • If you want to stay on the top of the crypto
    technologies, innovative trading strategies, or
    simply like to be financially successful, please
    sign up for a two-day course on cryptocurrency
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