Its simply using resources on one's computer (GPU or CPU) to help a central server sort complex mathematical algorithm (mine) and then the server gets rewarded and shares the rewards amongst the contributing computers - Very simply put More complex and very well explained - https://bitcoin.org/en/ ./Ok3ch On Thu, Jan 30, 2014 at 11:14 AM, Emmanuel <emmanuel.macharia@gmail.com>wrote:
Okech
How does bit coins mining actually work ?
Regards,
*Emmanuel Macharia* *Cell:+254.722.858.418 <%2B254.722.858.418> - Personal* *Cell.+254-738-858-418 <%2B254-738-858-418> -Direct *
************************************************************************************* *One thing i always do is Forget the past and Match forward towards Success*
On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote:
Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.
./Ok3ch
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