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13Jun
Bitcoin

Bitcoin: Cybernetic mining

Bitcoin is an electronic currency similar to the Euro or the Dollar or any currency, Its biggest difference compared to other currencies, it is a decentralized currency, so nobody controls it. Bitcoin does not have a central issuer like the dollars or the euros, the cryptocurrency is produced by the people and companies from around the world dedicating a lot of resources to the Bitcoin mining.

When we refer to the term mining, we are not talking about bulldozers and workers in a quarry, although it refers to the mining of gold, Bitcoins mining is about running a program on your computer that helps to verify Bitcoin transactions by including them in a registry unalterable.

In this way, it is possible to introduce new Bitcoins to the market in a predictable way until one day reaches the maximum limit of 21 million. In addition, the difficulty of mining Bitcoins is self-regulated so that it is only possible to find new Bitcoins every 10 minutes. If we do not have a very powerful computer equipment, mining Bitcoins is practically useless and unprofitable.

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