Your ultimate Bitcoin calculator. Never again will you have to look at other mining calculators, profitability calculators, power calculators or generation calculators. See how much your Bitcoin mining rig can earn you today!
Bitcoin is a new form of digital currency unlike any that was ever created. It is to PayPal like gold is to a traditional currency. It relies on mathematics of cryptography and the combined calculating power of many computers to secure your savings against anyone wanting to take it away.
How much money can I earn?- Mining is a process of generating new Bitcoins by solving a mathematical problem. By mining you let your computer generate pseudo-random numbers according to certain rules, and if your random number is small enough, you solve a Block, and get to keep a reward associated with it.
What is a Bitcoin Mining Calculator anyway? - The answer to that question is both easy and hard - if you want to mine more Bitcoins, you need to get more hardware, which can be a bit daunting at times. But hey, you can make a pretty decent living by making your computers work for you this way!:)
How does this website fit in all this? This website is one of the few websites that offers a complex solution to all of the above calculating problems in a neat, readable little package. It is a mining power and profitability calculator all in one. By entering just a few basic pieces of information you can learn all you want to know (and some things you didn't know you wanted to know) from a simple table. You can estimate how much money you can earn with a new mining rig, when your investment will be returned and many more, without having to go back and forth between multiple websites!
Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function. The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system. Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground.
Exchange, buy and sell e-currency at best rates
From now on you can buy Bitcoins with your debit/credit card on xmlgold.eu, your payment will be handled by Liqpay as our card processor and all the new transactions will go through Liqpay strong verification. Feel free to ask questions from xmlgold support Team
How fast is the remittance of funds to PayPal? Remittance of currency to PayPal is accomplished within 24 hours; sometimes there may be a delay up to 48 hours. If you made an exchange to PayPal and indicated an account without additional deposits,
you will be able to exchange Perfect Money, LiqPay, EgoPay, Bank wire, Bitcoin, HDMoney, Payeer, Paymer, Paypal, Pecunix, WebMoney and many more coming
Buy, Sell, Exchange Bitcoins, Webmoney With e-Currency Exchanger
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