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Bitcoin Mining basic

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Bitcoin Mining basic

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  1. Bitcoin Mining Basics

  2. Introduction • Addition of new transaction to the blockchain is called Bitcoin Mining. • According to recent survey there are 10,000 bitcoin miners currently.

  3. Why is Bitcoin in so much Hype? So, what makes Bitcoin mining so attractive? Is it worth investing time, money and energy in it?

  4. Process of Bitcoin Mining

  5. Expected Earnings

  6. So is it worth it? • Rewards are halved at every 4 years, it will be chopped next by 2020. • Bitcoin can never achieve the magic no. of 21 billion. • Setting up a basic vig can cost anywhere b/w $300 and $10000. • Bottom line is mining asks investment but promises no definite rewards,so it is somewhat gamble. Consider wisely, HAPPY MINING!

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