What is bitcoin, how is it taken? How is Bitcoin mining done? (Everything about Bitcoin)

in #bitcoin6 years ago

Bitcoin is 9 years old! Nine years ago, on January 3, 2009, the first block of the Bitcoin block chain network, block # 0, was removed. Bitcoin is undoubtedly the most invested member of the crypto money market. What are the things you need to pay attention to in this world where many users are involved in recent times? How to get bitcoin? How is Bitcoin mining done? How is the Bitcoin operation done safely? Here's what you need to know to buy and sell crypto ...

WHAT IS IT?

Bitcoin (symbol: ฿, abbreviation: BTC) is any central bank, official establishment, etc. is a non-related electronic currency.

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Bitcoin entered quietly on January 3, 2009, especially in the last few weeks with many people in the limelight.

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We have compiled for you what you should know about investing in Bitcoin.

HOW TO BUY IT?

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There are many domestic and foreign platforms that provide bitcoin trading services. These platforms offer a wide range of options for users, ranging from credit cards to transcodes.

WHAT SHOULD YOU BUY?

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Investigate the company you will invest in Bitcoin first. You will find many comments and suggestions about these platforms on the Internet.

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It is also useful to examine the fees that will be charged to you by the platform for the purchase and sale of Bitcoin. Because this rate is quite variable structure.

HOW DOES THE PROTECTION PROVIDE?

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Once you have selected the platform you want to invest in and created your membership, make sure to activate the 2FA feature. A two-stage security example is a process that you absolutely must do to reduce your risk of hacking your account and stealing your money.

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For 2FA you can either use SMS support or use Google's Authenticator. Your account is more protected because Google's so-called application creates a second password for you each time you log in.

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Google's so-called application is available free of charge on both the App Store and Google Play.

How is BiTCOİN MINING done?

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The process of making money is called mining. Mining is the general name of the process of performing mathematical operations using computing power and power.
To do this, the nodes in the BitCoin network are called "miners" by downloading the offered BitCoin software and performing intensive processing power on the hardware (usually graphics cards).

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You can do bitcoin mining with your own system. However, another Bitcoin mining method, which has become very popular in the recent period, is to invest in platforms that make big investments and get a share from the profit.

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