How To Mine Bitcoins in 2018 ⛏️⛏️ Super Easy Bitcoin Mining Guide Pt1

Toggle fullscreen Fullscreen button

Sharing buttons:

Whats up Crypto peeps! It's your girl Ysa, here to deliver your daily dose of bitcoin talk


Alright, so let's say you already know the basics of how Bitcoin works

But, since this is digital money... How do you get your hands on one?

Today, I'll show you how to get your first bitcoin

There are two ways to acquire bitcoin

Today, I'll be discussing the first way.

You know how miners dig underground for diamonds?

Bitcoin, Kinda works like that!

It all begins with the blockchain,

which is the system that runs bitcoin

all the transactions recorded are encrypted.

so even if other people can see it.

they can identify which transactions belong to which person

Hence the term, Cryptocurrency

Now this is where things get a bit technical

but I'll do my best to explain it in layman's terms

It is estimated that there are only 21 million Bitcoins in existence

and this limitation is what gives Bitcoins it's value

These blocks are actually complex mathematical problems

That miners need to solve in order to verify the transaction