Thursday, July 18, 2013

What Are Bitcoins And Bitcoin Mining?

Bitcoins are a digital currency that has been gaining a lot of media attention lately. Unlike traditional currency, all Bitcoins are digital only and there is no physical form. The currency is completely made up and has no actual basis for its value. There is also no entity that controls or regulates the currency.

Bitcoins are completely anonymous. They can only be obtained in two ways - from someone who already has some or through bitcoin mining. Bitcoin mining refers to the process in which bitcoins are released into the open. This is done by computer-powered number crunching. More about Bitcoin mining

Mining truck
Bitcoin Mining