Search icon CANCEL
Subscription
0
Cart icon
Cart
Close icon
You have no products in your basket yet
Save more on your purchases!
Savings automatically calculated. No voucher code required
Arrow left icon
All Products
Best Sellers
New Releases
Books
Videos
Audiobooks
Learning Hub
Newsletters
Free Learning
Arrow right icon
Arrow up icon
GO TO TOP
Hands-On Bitcoin Programming with Python

You're reading from  Hands-On Bitcoin Programming with Python

Product type Book
Published in Aug 2018
Publisher
ISBN-13 9781789537000
Pages 90 pages
Edition 1st Edition
Languages
Author (1):
BignumWorks Software LLP BignumWorks Software LLP
Profile icon BignumWorks Software LLP
Toc

Learning to mine bitcoin

Some features of bitcoin mining are as follows:

  • Bitcoin mining is the process of adding bitcoin transactional data to bitcoin's global public ledger of past transactions. Each bitcoin miner gets involved with all the other miners in order to gather the outstanding transactions into a block by dealing with specialized analytical and arithmetical problems.
  • In order to gain accuracy and solve the problems, bitcoin miners gain all of the transactions they process.
  • In addition to transaction fees, miners also receive an additional reward for each block they mine. Anyone can participate in bitcoin mining by running a computer program. In addition to running on traditional computers, some companies have designed specialized bitcoin mining hardware that can process transactions and build blocks much more quickly.

One can choose to mine bitcoin in the cloud...

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 $15.99/month. Cancel anytime