Bitcoin Mining Basics

1
Bitcoin Mining Basics
2
Introduction

• Addition of new transaction to the blockchain is
  called Bitcoin Mining.
• According to recent survey there are 10,000
  bitcoin miners currently.

3
Why is Bitcoin in so much Hype?

• So, what makes Bitcoin mining so attractive? Is
  it worth investing time, money and energy in it?

4
Process of Bitcoin Mining
5
Expected Earnings
6
So is it worth it?

• Setting up a basic vig can cost anywhere b/w 300
  and 10000.
• Bottom line is mining asks investment but
  promises no definite rewards,so it is somewhat
  gamble. Consider wisely,

• Rewards are halved at every 4 years, it will be
  chopped next by 2020.
• Bitcoin can never achieve the magic no. of 21
  billion.

HAPPY MINING!