Search icon CANCEL
Subscription
0
Cart icon
Your Cart (0 item)
Close icon
You have no products in your basket yet
Arrow left icon
Explore Products
Best Sellers
New Releases
Books
Videos
Audiobooks
Learning Hub
Free Learning
Arrow right icon
Arrow up icon
GO TO TOP
Learning Bitcoin

You're reading from   Learning Bitcoin Embrace the new world of fiance by leveraging the power of crypto-currencies using Bitcoin and the Blockchain

Arrow left icon
Product type Paperback
Published in Oct 2015
Publisher
ISBN-13 9781785287305
Length 236 pages
Edition 1st Edition
Tools
Arrow right icon
Toc

Table of Contents (10) Chapters Close

Digital gold


The first humans certainly had an advantage with regards to finding precious materials such as gold and silver. It's easy to imagine flakes or small nuggets of gold naturally exposed by streams and lakes. Human beings walking around the area could easily collect them for trade or utility.

As time went on, more and more of the easily available precious metals and gems were picked. Miners continued their search deeper and deeper into the earth, risking their lives and wealth in search for these valuable materials.

With the expansion of human civilization to new lands and continents, new sources were found. In 1849, gold was found in a stream near Coloma, California. After the news broke, hundreds of thousands of miners, called the 49ers, rushed out to California in search of the gold.

Within a few years, most of the easily found gold was picked, driving the miners to use more advanced techniques. By the mid 1850s, the miners had adopted hydraulic mining equipment and other mechanical...

lock icon The rest of the chapter is locked
Register for a free Packt account to unlock a world of extra content!
A free Packt account unlocks extra newsletters, articles, discounted offers, and much more. Start advancing your knowledge today.
Unlock this book and the full library FREE for 7 days
Get unlimited access to 7000+ expert-authored eBooks and videos courses covering every tech area you can think of
Renews at $19.99/month. Cancel anytime
Banner background image