Coin Talk 14 - BitCoin - What Is BitCoin Mining? What Is All The Fuss?

<p>Jacqui Cooper (Host - CryptoMom2 Talk Show) speaks about Bitcoin Mining on this episode of<strong> Coin Talk.</strong></p> <p>Be sure to Like &amp; Subscribe to stay up to date with future episodes. &nbsp;This talk show is purely informational and not financial advise. &nbsp;There is always risk on all investments.</p> <p>What Is Bitcoin Mining?</p> <p>When bitcoins are mined, however, a valuable service is provided to the Bitcoin network: decentralized transaction recordation and validation. Bitcoin relies on miners to record and validate transactions because of a particular problem inherent in any system of digital currency: double spending. Double spending is the high-tech incarnation of counterfeiting. To fix this, the inventors of Bitcoin designed a system of network interactions, a protocol, that checks each putative Bitcoin transfer against a public ledger called the blockchain. Miners use their computers to listen for transaction requests across the entire network and assemble a list of valid transactions. Miners are playing the role of &nbsp;bank tellers: inspecting checks, making sure all the appropriate signatures and account numbers are there, checking the customer’s ID, and looking for proof that the customer has enough cash-on-hand to fund the transaction.</p> <p><br></p> <p><a href="https://www.vbitmining.com/">Bitcoin Mining - If You Would Like To Become Involved To Earn Bitcoin Daily - Click Here</a>: <a href="https://www.vbitmining.com/">https://www.vbitmining.com/</a></p>