Techlore Website: http://www.techlore.tech
My Video Equipment (Affiliate Link): https://www.amazon.com/shop/influencer20170928875
*ATTENTION* Nicehash has updated their program and the UI is very different from this video. I made an updated video so you can all follow along. Here is the link. Use the new program with Nvidia Cards:
UPDATED VIDEO: https://www.youtube.com/watch?v=XnAjCMb_uEg
Coinbase Link: https://www.coinbase.com/join/5942e0b5d26ede03db311893
You should mine with a powerful Graphics Card (GPU), and only on desktop computers (Not laptops). You need a bitcoin wallet like Coinbase, and you will need NiceHash. Make sure to benchmark your algorithms to get the most amount of bitcoins.
Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions or blockchain. 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.