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The Water Cooler
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Bitcoins woes .. Mt Gone
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<blockquote data-quote="_CY_" data-source="post: 2420834" data-attributes="member: 7629"><p>Bitcoin Mining in Plain English</p><p>mining</p><p></p><p>This entry is part 1 of 9 in the series Explaining Bitcoin</p><p></p><p>My regular readers are probably aware by now that I more than dabble in Bitcoin. If you dont know what Bitcoin is well first of all, youre probably reading the wrong article, but go ahead and watch this video and you should be up to speed. One of the most common points of confusion for new Bitcoiners is the concept of mining. Most Bitcoin newbies cant wrap their head around the concept and practically every article on the topic (this one included) will warn you that its highly technical and not for the faint of heart.</p><p></p><p>Still, the topic of mining seems to spawn the majority of the questions every time I talk to someone about Bitcoin and why not? It is the mechanism by which the currency is issued, and issuance is a very important topic to grasp if youre going to use and trust a currency and Bitcoins issuance mechanism is, unfortunately, quite complex and technical. This article is going to attempt the near-impossible: a thorough explanation of how mining works but without any of the specific details that might scare the non-techies in the room.</p><p></p><p><a href="http://codinginmysleep.com/bitcoin-mining-in-plain-english/" target="_blank">http://codinginmysleep.com/bitcoin-mining-in-plain-english/</a></p></blockquote><p></p>
[QUOTE="_CY_, post: 2420834, member: 7629"] Bitcoin Mining in Plain English mining This entry is part 1 of 9 in the series Explaining Bitcoin My regular readers are probably aware by now that I more than dabble in Bitcoin. If you dont know what Bitcoin is well first of all, youre probably reading the wrong article, but go ahead and watch this video and you should be up to speed. One of the most common points of confusion for new Bitcoiners is the concept of mining. Most Bitcoin newbies cant wrap their head around the concept and practically every article on the topic (this one included) will warn you that its highly technical and not for the faint of heart. Still, the topic of mining seems to spawn the majority of the questions every time I talk to someone about Bitcoin and why not? It is the mechanism by which the currency is issued, and issuance is a very important topic to grasp if youre going to use and trust a currency and Bitcoins issuance mechanism is, unfortunately, quite complex and technical. This article is going to attempt the near-impossible: a thorough explanation of how mining works but without any of the specific details that might scare the non-techies in the room. [url]http://codinginmysleep.com/bitcoin-mining-in-plain-english/[/url] [/QUOTE]
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