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Reviewing Bitcoin, Blockchain, and Mining

  • ASIC Bitcoin miners are electronic circuits designed for the sole purpose of mining bitcoins.
  • ASIC Bitcoin miners are electronic circuits designed for the sole purpose of mining bitcoins.
  • Although investing in cryptocurrency is painstaking, costly, and only sporadically rewarding, some investors are drawn to it. People buy expensive ASICS and pay for lots of electricity so that they may earn more bitcoin, which may be exchanged for real-world currency.

    KEY TAKEAWAYS

  • Bitcoin miners review and verify previous bitcoin transactions and create new blocks so that the data can be added to the blockchain. 
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