The History of Bitcoin & Cryptocurrency Mining & How Does it Work?

#Vlog – Lets delve into the history of how bitcoin & Cryptocurrency Mining works.

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In this episode I talk about the history of mining and where it is potentially leading to in the future.

Mining = The processing of transactions and recording data into the public ledger through specially made machines that run & secure the network.

Back in 2009 you used to be able to mine Bitcoin on your pc at crate of 50 bitcoin every 10 mins., Then competition, electricity and many factors made it harder & GPU(Graphic Processing units) were born.

We now mine coins on an ASIC (application-specific integrated circuit) and at todays rate we mine coins at 12.5 bitcoin every 10 mins. Please refer to my What is mining video for more details. –

Here is a playlist you might like also to learn more about this subject

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