With the upsurge in the cryptocurrency industry, mining cryptocurrencies especially bitcoin has become a major way of earning income for those who are involve in bitcoin and other cryptocurrencies.
What is Bitcoin Mining?
Bitcoin mining is the process of adding transaction records to the bitcoin public ledger(blockchain) of past transactions, and thus, confirming that transactions have taken place. The process of confirming these transactions involve solving complex mathematical problems. Bitcoin miners use special software to solve these complex mathematical problems and are given a certain amount of bitcoin as reward. Therefore mining is simply a way of creating new bitcoin while rewarding the miners. This is equivalent to the central bank printing additional currencies into the economy. Since bitcoin has no central authority, new coins are issued through the mining process.
Can anybody be Involved in Mining?
Yes. Both those who understand the blockchain technology and those who do not can mine bitcoin. You can mine directly using the mining software, buy a mining contract or mine free from some designated sites through few clicks.
What about Google Mining?
Google makes it possible for you to mine automatically as you use Google chrome to browse the internet by creating Crypto Tap which you will add to the chrome browser. Click here to add crypto tap to your chrome browser and start mining automatically
NOTE: Crypto tap works only on PC
Even if you are not opening web pages, it will still mine for you so far your PC is connected to the internet and your google chrome is on.
What is Special about Google Mining?
This quote from crypto tap answers this question
“Crypto Tap work is based on a smart system, which dynamically switches mining between several cryptocurrencies to increase profit 4x relative to continued mining of one cryptocurrency. Our script automatically switches mining to the most profitable coin at the moment given the mining difficulty and stock exchange rate. After that we convert all funds into bitcoin. It is the world dominant cryptocurrency now that’s why we convert all funds exactly into bitcoin.”