bitcoin mining rig PowerPoint PPT Presentation

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Title: bitcoin mining rig


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BITCOIN MINING
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CLOUD MINING
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Bitcoin works differently from traditional
currencies. Where dollars and pounds are handled
by banks and financial institutions which
collectively confirm when transactions occur,
Bitcoin operates on the basis of a public ledger
system. In order for transactions to be confirmed
to avoid the same Bitcoin from being spent
twice, for example a number of Bitcoin nodes,
operated by miners around the world, need to give
it their seal of approval.
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In the earliest days of Bitcoin, mining was done
with CPUs from normal desktop computers
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