cryptocurrency miner – Bitcoints

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Published on July 21st, 2015 | by bitcoin

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cryptocurrency miner

Information about cryptocurrency miner

Cryptocurrency

A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as contraction of bitcoin alternative.
Cryptocurrencies typically feature decentralized control (as opposed to a centralized electronic money system, such as PayPal) and a public ledger (such as bitcoin’s block chain) which records transactions.

Miner

A miner is a person who extracts ore, coal, or other minerals from the earth through mining. There are two senses in which the term is used. In its narrowest sense, a miner is someone who works at the rock face; cutting, blasting, or otherwise working and removing the rock. In a broader sense, a “miner” is anyone working within a mine, not just a worker at the rock face. This article will consider this broader concept.
In regions with a long mining tradition, many communities have developed cultural traditions and aspects specific to the various regions, in the forms of particular equipment, symbolism, music, and the like.

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