Define bitcoin mining
Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining.
China has become the primary miner location and investor group in Bitcoin to escape Yuan controls by their government. Any other exchange, miner group, or investor class is wholly dependent on what Chinese bitcoiners happen to decide to do that day, and the exchange rate from actual money to Bitcoin in any other
But if you do then this Bitcoin miner is probably the best deal. Bitcoin mining for profit is very competitive and volatility in the Bitcoin price makes it difficult to realize monetary gains without also speculating on the price. Mining makes sense if you plan to do it for fun, to learn or to support the security of Bitcoin and do not care
What is Bitcoin Mining and How Does it Work? - Buy Bitcoin Worldwide
Definition. Mining is the act of creating valid Bitcoin blocks, which requires demonstrating proof of work, and miners are devices that mine or people who own those devices.