Here’s How Bitcoin Mining Works

How Bitcoin Mining Works

When Satoshi Nakamoto developed bitcoin he had some big problems to solve. It turns out that mining is a double whamee, solving two of the most troubling aspects of developing a digital currency. Understanding why Satoshi needed mining is fundamental to understanding decentralization and well…bitcoin.

Bitcoin mining is just one of the ways to get free Bitcoins. However, as you’ll learn in this video, the level of computer difficulty to mine Bitcoins is continually rising. When Bitcoin was first introduced, anyone with a computer could successfully mine Bitcoins. Now, however, the difficulty has risen to such a degree that only specially designed computers can profitably mine Bitcoins.

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