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What really is Bitcoin mining and does Bitcoin mining really work?
Published by Matthew Feast — 08-11-2017 10:08:04 AM
What really is Bitcoin Mining
Cryptocurrencies like Bitcoin, Litecoin, and others, are unique in many ways when measured up to traditional currency, but perhaps none more so than how they are created. They are mined. They are not printed, like fiat money, but instead, they are carved out of a large numerical mountain. It’s a concept that is both obscure and brilliant. It is difficult to understand for many, especially given how virtual and ownerless everything seems.
Here is a summary of how mining works. This post will refer to Bitcoin specifically, but the principle is similar for most other virtual currencies– at least those that use mining. Not all do. Bitcoin Mining is refrained from doing with pick-axes and shovels. It is finished with computers. Many thousands of them; powerful CPUs that must pool their resources to get the job done. It’s not pretty, it’s not cheap, and it can’t be done in your basement.
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About Matthew Feast
My name is Matthew Feast, and I know from personal experience that there is a huge amount of money online that is ready for people like you and me to earn. I have been making money online for about 8 to 9 years. My life has changed over these past few years because I don’t have a regular 9-5 job like most people. Let’s back track a little. I started getting into this online world looking for a way to make an additional income to supplement my current job, and I was shocked when I realized the potential involved, but there were definitely some serious pitfalls that would take place very often. My best advice to anybody out there is to remember that you need a viable goal, a good mindset, and the chance to follow the right path. Without these three aspects, you will fail; big time. Don’t feel like I’m trying to stop you from wanting to go after this business, because that is not my goal. Making money online is not easy, but it’s worth it once you get yourself out there and finally start making money. I make a consistent full-time income on the web today. Here 3 things I followed that got me to where I am right now: – I Had Goals I made sure to have big goals for myself. I set out to find out what would be viable and realistic goals for me to achieve throughout the following year, and then I would make it a goal to reach such goals by having a real plan to follow. – Following The Right Business There are tons of different businesses to go after. The truth is that I found different Internet business models, and a lot of them would end up becoming super difficult for me to accomplish. It wasn’t until I discovered the right plan and system that made me make more serious money down the road. – Mindset I kept it within my mind to keep working hard and to keep pushing myself. I work a lot during each day, but the best part is that after all that hard work, I can almost take a good long rest whenever I want. 80% of the Internet marketing world is mindset. Making money online is not an overnight process, but there is some serious cash that can be earned in this business if you have the time to put in. If you’re looking for a way to make an income from your very own home, let me help you out. Here’s to your success,
