Introducing SAMECOIN

 


Bitcoin mining runs Bitcoin's blockchain. BTC mining is responsible for executing transactions, as well as moving Bitcoin from the asset's maximum supply into its circulating supply. Bitcoin mining is the peer-to-peer process of adding data to Bitcoin's public ledger to verify and secure contracts. The groups of recorded transactions are gathered into blocks and then added to the Bitcoin blockchain.


In short, miners around the world seek to solve complex puzzles on their BTC mining machines in an automated way. All these machines compete with each other to find the puzzle solution. When a puzzle is solved, a block is mined and the solver is rewarded with a certain amount of Bitcoin. On average, a new Bitcoin block is mined every 10 minutes. Electricity cost and other aspects affect Bitcoin mining profitable.


A Bitcoin mining rig is a computer hardware setup designated for BTC mining, while a Bitcoin mining farm is a pool of mining machines. Mining pools also exist, formed from pools of miners pooling their resources towards a common mining goal and shared mining rewards.

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