How bit coin works


SUBMITTED BY: Kuzajack

DATE: April 16, 2016, 6:39 a.m.

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  1. How Bitcoin Mining Works
  2. Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.
  3. With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

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