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What is Bitcoin mining?

  1. INDODAX
  2. General
  3. Understand the Terms

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We can inform you that basically, Bitcoin is a digital asset that is similar to gold. Is mining Bitcoin the same as mining gold? Of course not. Because, Bitcoin mining uses a blockchain scheme and through the digital world. The trick is to solve cryptographic puzzles in the mining zone.

To become a miners, a qualified device is needed. Therefore, mining is not recommended for beginners. Because it is difficult to do and the cost is expensive. In addition, mining can also increase the supply of bitcoin or make the supply not scarce.

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