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What is Bitcoin Mining?

In this blog, you will get a thorough understanding of the basics of Bitcoin mining as we go down all the essential topics, such as Bitcoin’s mining algorithm, the use of a proof-of-work consensus algorithm, its types, and its pros and cons.

Also, you will get to explore its legality, evolution, trusted Bitcoin websites, and much more. So, let’s get started.

Bitcoin: A-peer-to-peer Cryptocurrency

Bitcoin is the first-ever cryptocurrency introduced in 2009, and it remains on top of the most mined cryptocurrencies. Bitcoin and the blockchain technology that supports it in an article Bitcoin: A peer-to-peer electronic cash system was introduced by the pseudonym Satoshi Nakamoto. He is generally accepted to be a false identity for an unidentified person or group of people.
As a decentralized form of payment, Bitcoin aims to operate independently of any central authority, such as a central bank, which would otherwise control its issuance and transaction security. Every time a block of data joins the blockchain, a certain number of bitcoins are issued by the algorithm that controls Bitcoin; these bitcoins will be the miners’ compensation, and they will gradually decrease.

Fifty bitcoins were created for the first bitcoin transaction and block of data mining in 2009; however, this quantity was cut in half when the entire network reached 200,000 blocks. It is anticipated to keep falling, halving roughly every four years until the expected 21 million bitcoins get released in 2140.

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iBeLink BM-KS Max: The Detailed Review
Kaspa describes itself as the fastest and most scalable instant confirmation layer ever built on a Proof-of-Work (PoW) engine. Moreover, the blockDAG architecture of Kaspa with rapid block rates allows decentralization, enabling miners to enjoy solo mining at lower hash rates.

Kaspa transactions are much faster than traditional cryptocurrencies like Bitcoins, whereas they are as secure as Bitcoins due to their PoW nature. Hence, Kaspa mining is gaining momentum, attracting many crypto mining enthusiasts towards it.

iBeLink BM-KS Max is an advanced Kaspa miner that was launched recently. Let’s see the overview of the machine in detail.

Technical Specifications
iBeLink BM-KS Max is finely optimized for the KHeavyHash algorithm with a maximum hash rate of 10.5Th/s at a power consumption of only 3400W. The energy efficiency of iBeLink BM-KS is 0.324j/Gh.

Read the full blog here - https://www.cryptominerbros.co....m/blog/ibelink-bm-ks

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