Bitcoin-0.03%
9163.04 USD
CAP: 162,766,485,529 USD
Ethereum-0.57%
268.76 USD
CAP: 28,629,378,707 USD
XRP-0.21%
0.43 USD
CAP: 18,260,958,823 USD
Litecoin-0.31%
135.71 USD
CAP: 8,449,060,106 USD
CAP: 7,649,563,710 USD
EOS-0.46%
7.04 USD
CAP: 6,473,011,423 USD
Binance Coin
32.63 USD
CAP: 4,606,050,335 USD
Tether0.03%
1.00 USD
CAP: 3,485,165,210 USD
CAP: 2,509,881,012 USD
CAP: 2,390,924,079 USD
TRON-0.36%
0.03 USD
CAP: 2,206,512,177 USD
Monero-0.37%
96.90 USD
CAP: 1,651,814,763 USD
Dash-0.12%
158.46 USD
CAP: 1,405,373,969 USD
Cosmos0.1%
6.57 USD
CAP: 1,253,755,352 USD
IOTA-0.34%
0.45 USD
CAP: 1,249,222,751 USD
NEO0.02%
14.59 USD
CAP: 1,029,302,361 USD
CAP: 970,252,112 USD
Tezos2.26%
1.33 USD

Notice: Undefined index: sparkline_url in /var/www/html/wp-content/plugins/p-cryptocanada/src/class.ff_topSlider.php on line 60
CAP: 873,485,174 USD
NEM-0.58%
0.09 USD
CAP: 814,238,383 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.



Coinbase
9170.70 usd
Bitfinex
9167.70 usd
Bitstamp
9180.53 usd
Kraken
9170.80 usd
Liquid
9173.64 usd
Kraken
8176.00 eur
Coinbase
8167.09 eur
Bitstamp
8170.00 eur
Bitfinex
8171.10 eur
ExtStock
7989.32 eur
Kraken
12101.60 cad
LakeBTC
12878.91 cad
NDAX
12200.00 cad
LocalBitcoins
12902.83 cad
BitSquare
12923.24 cad
BTCMarkets
13265.00 aud
ACX
13251.52 aud
IndependentReserve
13302.00 aud
CoinJar
13330.00 aud
LakeBTC
13957.20 aud
Binance
9135.22 usdt
Bitforex
9132.10 usdt
BitZ
9135.93 usdt
LBank
9130.32 usdt
CoinBene
9137.33 usdt
Ethfinex
267.72 usd
Bitfinex
267.72 usd
Coinbase
267.78 usd
Kraken
267.78 usd
Coinsbit
267.01 usd
Kraken
238.75 eur
ExtStock
234.06 eur
Coinbase
238.44 eur
Ethfinex
238.75 eur
Bitstamp
238.80 eur
Kraken
357.28 cad
NDAX
369.18 cad
QuadrigaCX
163.29 cad
Remitano
214.73 cad
BTCMarkets
387.55 aud
IndependentReserve
388.43 aud
ACX
389.09 aud
CoinJar
395.40 aud
Liquid
391.40 aud
LBank
266.72 usdt
ZBG
266.75 usdt
huobikorea
267.06 usdt
OKEX
266.88 usdt
Bitforex
266.85 usdt
Bitfinex
0.43 usd
Bitstamp
0.43 usd
Coinbase
0.43 usd
Kraken
0.43 usd
RightBTC
0.43 usd
Kraken
0.38 eur
Bitstamp
0.38 eur
Coinbase
0.38 eur
Liquid
0.39 eur
Bitsane
0.16 eur
Kraken
0.58 cad
NDAX
0.59 cad
BTCMarkets
0.62 aud
IndependentReserve
0.62 aud
CoinJar
0.63 aud
ACX
0.62 aud
huobikorea
0.43 usdt
ZBG
0.43 usdt
Binance
0.43 usdt
OKEX
0.43 usdt
HuobiPro
0.43 usdt
P2PB2B
134.97 usd
Coinbase
135.34 usd
Bitfinex
135.16 usd
Coinsbit
134.82 usd
Bitstamp
135.24 usd
Coinbase
120.69 eur
ExtStock
118.37 eur
Kraken
120.59 eur
Bitstamp
120.76 eur
Exmo
125.09 eur
NDAX
184.50 cad
QuadrigaCX
46.30 cad
BTCMarkets
195.38 aud
ACX
196.68 aud
IndependentReserve
197.03 aud
CoinJar
196.80 aud
huobikorea
134.83 usdt
OKEX
134.85 usdt
DigiFinex
134.93 usdt
HitBTC
134.93 usdt
Bitforex
134.85 usdt
P2PB2B
426.96 usd
Coinbase
428.79 usd
Bitfinex
428.15 usd
Bitstamp
429.08 usd
Kraken
428.20 usd
ExtStock
374.29 eur
Kraken
381.40 eur
Bitstamp
384.37 eur
Coinbase
380.83 eur
Bitsane
391.61 eur
NDAX
627.36 cad
QuadrigaCX
181.68 cad
ACX
623.74 aud
IndependentReserve
619.67 aud
BTCMarkets
580.00 aud
CoinBene
427.25 usdt
huobikorea
427.14 usdt
HuobiPro
427.15 usdt
DigiFinex
427.13 usdt
FCoin
427.60 usdt
binance