Bitcoin was experimentally started in 2009 by Satoshi Nakamoto, any central bank, government agency, etc. It is a kind of digital currency that has nothing to do with the . Launched as an alternative to Dollar and Euro in global markets, Bitcoin’s symbol is ฿ and the abbreviation is BTC.

 

The term mining is used for the Bitcoin production phase. In fact, you can think of what is called mining as a game of chance that you play on your computer, or searching for a needle made of numbers in a hay pile of numbers. Assume that each search move you make is directly proportional to your processing power. So the more processor power you put into this, the more likely you are to find a needle in the haystack.