Free Bitcoin Mining

Online Mining Website
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.Miners are paid rewards for their service every 10 minutes in the form of new bitcoins.
What Mining Does?
Following Main Basic things mining does.
1) Issuance of new bitcoins : Miner are rewarded new bitcoin every 10 minutes
2)Confirming transactions: When transaction included in block then its officially embedded in block chain. A more confirmation is better for large transaction.Miners secure the Bitcoin network by making it difficult to attack, alter or stop.
3)Security:The more miners that mine, the more the secure the network.The only way to reverse Bitcoin transactions is to have more than 51% of the network hash power. Distributed hash power spread among many different miners keeps Bitcoin secure and safe.
How to Mine Bitcoin?:
There are different ways you can mine bitcoin.following are some of them.
Bitcoin Mining Hardware: First bitcoin mine start with Computer CPU, later people start mining by using graphic card,GPU,GPUs were surpassed in turn by ASICs (Application Specific Integrated Circuits).Nowadays all serious Bitcoin mining is performed on ASICs, usually in thermally-regulated data-centers with access to low-cost electricity
Mining Pool:Pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining power.
Bitcoin Mining Software:Bitcoin mining software is how you actually hook your mining hardware into your desired mining pool.You need to use the software to point your hash rate at the pool.Also in the software you tell the pool which Bitcoin address payouts should be sent to.Some people add mining script into website so that they use website reader computer to generate bitcoin.There are lots of cloud mining are available you can invest in bitcoin and earn bitcoin in return as interest etc
This mining require electricity to generate bitcoin. Bitcoin can be trade at exchange, there are many exchanges available there. following
Mining Website Names Details Proof
Ebot This is one of most used free cloud based crypto mining website. There is no monthly fees for mining. Currently they only allow withdrawals in: BTC ETH LTC BCH DOGE XRP DASH GNT ADA CURE XEM XMR ZEC FCT BCN STEEM LSK MAID USD GRC ETC. They are allowing all top most crypto coins to mine free. if you want you can by sha power and take rental.
Each account must have a unique phone and will now be required to verify the phone number by SMS/text message. This is a one-time verification. If you need help merging multiple accounts/phones, then please contact support.Eobot Extends all 5 years contracts to 10 years. but it has a free faucet to claim everyday.
Following are the step to earn on this website.
1) User need to register
2) Daily need to claim shaw power / free coins (rewards) from faucet just by solving the captchas
3) we can daily exchange earned coins with sha power so that we can mine with more speed.
4) Go to Account and select the favourite crypto from dropdown to mine.
5) Withdraw you coins.
We can transfer our earned faucethub coins to this ebot as well so that we can buy more sha power and earn more.

1 comment:

  1. Nice article, which you have shared here about the Bitcoin Mining. Your article is very informative and useful to know more about the process of Bitcoin Mining. Thank you for sharing this article here. Crypto Backed Lending Online

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