Tag: Crypto

Start mining cryptocurrency

For this tutorial I’m going to use as an example of mining is the Ethereum, Since the last 2 topics that I posted was all about building a mining rig. But before we start lets have a quick background check on Ethereum and if its same to Bitcoin?

Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.

Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application. read more

Bitcoin – What is it?

Bitcoin nowadays is the future of online currency, but before we jump off how to have a bitcoin let’s discuss it’ss history.

The descriptions of bitcoin below is stated on the site www.bitcoin.org

What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. read more