Sunday, 1 February 2015

The Math Behind Bitcoin Mining

The Math Behind Bitcoin Mining


If you've ever pondered the possibility of getting into bitcoin mining (or have taken the plunge), then you are probably at least a little bit familiar with bitcoin mining calculators. These calculators let you input your hash rate (hash rate is the speed at which your miner mines) and outputs the amount of bitcoin you could expect to earn in a given period of time. While those calculators are awesome and handy, understanding the math behind them is even more awesome!

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