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It is unfortunately not particularly cost effective to mine bitcoins with a graphics card on a home pc anymore. You would need a client like Guiminer and also a bitcoin wallet, and membership of a bitcoin pool so that you can share mining for more constant and smaller rewards, or solo mine for a 50 BTC reward. However some new chips specifically designed for bitcoin mining called ASIC super computers, specifically designed for bitcoin mining. However, scrypt-based currency mining, like Litecoin mining, is still cost effective. An guide to building a custom 4 GPU Litecoin mining rig can be found at www.coinminingrigs.com
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Bitcoin Mining is a necessary process that drives the Bitcoin Network. It was previously possible to mine bitcoins using a high end GPU or CPU, but with the creation of SHA-256 ASICs (Application Specific Integrated Circuits) this has changed. At this point, only state-of-the-art ASICs are capable of mining bitcoins efficiently. Mining itself is a complicated process in which these machines attempt to provide the solution to a constantly changing cryptographic problem. The answer to this problem is changed by every transaction that is made on the Bitcoin network. It is nearly impossible to truly "solve" the problem efficiently, thus the machines attempt billions, or trillions, of solutions each second until a correct solution is found. Once this solution is found, it is easy to prove that it is correct, even if finding the solution itself was difficult. The point of this is to provide security for the Bitcoin Network, while also processing transactions, and recording them on the blockchain. The blockchain is a public ledger which contains the origin of every bitcoin that has ever been created, as well as every transaction that has ever happened. The creation of the blockchain, and the Bitcoin mining process, solved a decades old networking problem known as "the Byzantine General's Problem"
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There IS no mining in Antarctica- it is protected by international treaty.
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There is no mining activity in Antarctica: it is prohibited by the Antarctic Treaty.
By 1906 a boom had developed in copper mining in Ely
Yes, Bitcoin basically works by your computer being sent calculations, each calculation gives your computer a chance to be sent a bitcoin chunk (each chunk consists of 50 bitcoins) mining hardware darastocally. --------- Okay, but how do you do this without special hardware?
1746 in Britain
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