What is mining?

In short mining makes Bitcoin and other cryptocurrencys run, be more stable and more secure...

 

In short mining makes Bitcoin and other cryptocurrencys run, be more stable and more secure...

 

The longer answer is a way to get Bitcoin is to mine them... You have two ways to do this, the 1st way to mine Bitcoin is to buy your own hardware... This can be expensive and the electricity that you will use will be high... Note: you will need to have it on 24/7 and over time it will be less profitable and then you need to put up "X" to buy more hardware and over and over... I don't recommend mining in this way.  

 

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I like the 2nd way! Outsourcing it, the company you higher to mine your Bitcoin will have more experienced then you and since they have more people just like you and me. They have the power of scale so they can get the hardware at a better cost with the power...

How does mining work? 

The 1st thing I want to tell you about is something called "Hashing" in short. People use something that is called an Algo that is short for Algorithm, it's a computer program that encodes something that you want to be secure. That people can't read very easily the most common way in the past is secret messages like in times of war... 

As in the video people find ways to break the encoded information. Now days, we are doing the same... But it's not to stop an attack on your side from the bad guys it's a way that people can use to make sure a new technology that is pretty fast and secure will work... Because there is only one right code that we call a Hash and it's a race to find the right hash in cryptocurrency mining... If your group find the right hash 1st you will get digital gold and the fees that people pay to move their cryptocurrency around...

That is the basic part of what we call the blockchain which is a Distributed ledger. From "Wikipedia.com" A distributed ledger (also called shared ledger) is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. A good thing about the blockchain technology if there is a war in one or more countries the system will continue to run and the information is very hard to modify... Because you are doing it in front of lots of fast computers that are making sure what you say is true or not and they are doing it... With Hashing, that means they are guessing at this time estimated with bitcoin mining the system is doing about 4,500,000 trillions of calculations per second all the time...

This was from blockchain.info

With today's hashing the block before the one you are working on at this time, does give the hash code from the one before that and all of the transactions that were made in the time period "with Bitcoin they are 10 min blocks all the time, it gets faster or slower the system will make it harder or easier to make it back to the 10 min block time" 

This video will help you understand what is going on and the opportunity's that mining has for you...

genesismining
HashFlare

With all of the companys that is listed under this, all of them do take Bitcoin as payment to start mining... 

Genesis mining does take Bitcoin, Altcoins and master card... Packages start at $30 USD 

Hashflare does take Bitcoin and Packages start at $1.50 USD