Bitcoin0.08%
10099.11 USD
CAP: 180,730,621,558 USD
Ethereum0.07%
189.37 USD
CAP: 20,349,860,737 USD
XRP0.32%
0.27 USD
CAP: 11,632,300,850 USD
CAP: 5,503,571,192 USD
CAP: 4,594,741,755 USD
CAP: 4,090,521,917 USD
CAP: 4,051,448,768 USD
EOS0.47%
3.63 USD
CAP: 3,367,654,429 USD
CAP: 1,395,160,867 USD
Monero0.23%
80.31 USD
CAP: 1,379,156,903 USD
CAP: 1,345,490,200 USD
TRON0.13%
0.02 USD
CAP: 1,194,261,086 USD
CAP: 1,183,437,386 USD
Dash0.78%
92.50 USD
CAP: 832,350,907 USD
CAP: 787,938,595 USD
Tezos0.29%
1.16 USD

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CAP: 763,462,984 USD
CAP: 757,328,726 USD
IOTA0.39%
0.26 USD
CAP: 731,749,706 USD
NEO0.05%
9.95 USD
CAP: 701,540,693 USD
Mar 15, 2018by CryptoCanada

Bitcoin mining is the method with which users are able to receive new bitcoins, provided to the users as a reward for mining. This is the method by which bitcoin is able to both track and verify transactions as well as produce new bitcoins.

To mine bitcoin, a user needs to have a computer to run the mining software, modules and hardware. With this gear, the user will listen for transaction broadcasts through the peer-to-peer network and perform the appropriate tasks to process and confirm these transactions. This confirmation will then be added to the public ledger, or blockchain.

The new bitcoins are rewarded to the miner who first solves the mathematical problem, or puzzle, to complete the block gets to place the next block on the blockchain and claim the reward, which includes the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.

The mathematical problems that users are trying to solve are cryptographic has functions. Simply put, this is a one-way encryption without a key. It receives an input and produces a random, fixed length hash value. Any change to the input will result in a completely different hash value, which makes the blockchain secure since nobody can repeat inputs (such as, for example, try to spend the same bitcoin twice). Since the output of these hash values are random, it is theoretically impossible to predict the hash value – thus allowing bitcoin to use these as proof of work and validation. Miners are trying to find the input that matches to the hash value.



EXRATES
10060.38 usd
P2PB2B
10083.03 usd
Coinbase
10101.85 usd
primexbt
10096.00 usd
Bitfinex
10096.00 usd
Kraken
9070.00 eur
Coinsbit
8983.80 eur
Coinbase
9083.77 eur
Bitstamp
9065.00 eur
Bitfinex
8981.40 eur
coinfield
13443.02 cad
Kraken
13366.30 cad
LakeBTC
13844.53 cad
NDAX
13407.42 cad
LocalBitcoins
12608.78 cad
BTCMarkets
14983.43 aud
ACX
14961.70 aud
IndependentReserve
15007.73 aud
CoinJar
15030.00 aud
LakeBTC
15401.32 aud
Bitforex
10075.42 usdt
HitBTC
10079.56 usdt
ZB
10077.92 usdt
Binance
10082.94 usdt
IDAX
10082.38 usdt
EXRATES
189.36 usd
Coinsbit
191.48 usd
P2PB2B
188.99 usd
primexbt
189.45 usd
Coinbase
189.42 usd
Coinsbit
168.50 eur
Kraken
169.90 eur
ExtStock
166.29 eur
Coinbase
170.24 eur
Ethfinex
168.49 eur
coinfield
251.68 cad
Kraken
251.25 cad
NDAX
256.12 cad
QuadrigaCX
163.29 cad
Remitano
214.73 cad
ACX
281.68 aud
BTCMarkets
281.05 aud
IndependentReserve
282.07 aud
CoinJar
280.50 aud
Liquid
280.20 aud
LBank
188.70 usdt
BCEX
188.92 usdt
Bgogo
189.08 usdt
Bibox
188.88 usdt
ZBG
188.92 usdt
EXRATES
0.27 usd
Bitstamp
0.27 usd
Coinbase
0.27 usd
primexbt
0.27 usd
Bitfinex
0.27 usd
Kraken
0.24 eur
Bitstamp
0.24 eur
Coinbase
0.24 eur
coinfield
0.24 eur
Exmo
0.25 eur
coinfield
0.36 cad
Kraken
0.36 cad
NDAX
0.37 cad
BTCMarkets
0.40 aud
IndependentReserve
0.40 aud
ACX
0.40 aud
CoinJar
0.41 aud
ZBG
0.27 usdt
Kucoin
0.27 usdt
FCoin
0.27 usdt
HitBTC
0.27 usdt
Bibox
0.27 usdt
HitBTC
305.78 usd
P2PB2B
306.07 usd
Coinbase
306.71 usd
Bitfinex
306.97 usd
Kraken
306.20 usd
ExtStock
268.95 eur
Coinbase
276.06 eur
Kraken
274.50 eur
Bitstamp
274.63 eur
Exmo
280.70 eur
coinfield
407.63 cad
NDAX
627.36 cad
QuadrigaCX
181.68 cad
ACX
458.56 aud
IndependentReserve
448.70 aud
BTCMarkets
580.00 aud
CoinBene
305.88 usdt
OKEX
305.92 usdt
DigiFinex
305.98 usdt
ZBG
306.02 usdt
HitBTC
305.89 usdt
Coinsbit
72.94 usd
EXRATES
72.85 usd
Coinbase
72.86 usd
P2PB2B
72.77 usd
primexbt
72.91 usd
ExtStock
64.23 eur
Coinbase
65.38 eur
Kraken
65.33 eur
Bitstamp
65.39 eur
Exmo
66.52 eur
coinfield
96.90 cad
NDAX
128.71 cad
QuadrigaCX
46.30 cad
BTCMarkets
107.59 aud
ACX
108.49 aud
IndependentReserve
108.48 aud
CoinJar
108.60 aud
CoinBene
72.73 usdt
IDAX
72.73 usdt
Bibox
72.69 usdt
EXX
72.70 usdt
HitBTC
72.70 usdt
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