CryptoURANUS Economics: Virgin Bitcoin: Defined in CryptoCurrency

Anti-AdBlocker

Saturday, August 11, 2018

Virgin Bitcoin: Defined in CryptoCurrency

Virgin Bitcoin: Defined in CryptoCurrency



Virgin bitcoin is an amount of brand new bitcoin created by a computer that was mining. 

Mining is a computer process of recording and verifying information on the digital record known as the blockchain.

In bitcoin and other cryptocurrencies, mining also requires computers compete with each other to solve a complicated math problem.

A reward is given to the computer that solved the math problem first and this is known as virgin bitcoin.

A Bitcoin that has been received by a miner as a block reward, and thus has never been “spent” before. There is no benefit to a Bitcoin being a virgin Bitcoin.

1 comment:

power said...

Start by looking up a Walgreens and finding the one nearest to you. Once you’ve located a store, check the hours to make sure you can be there when they are open. Double-check the state rules about how much you can cash. visit site