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bitcoin lottery miner

What is lottery mining?

Solo mining Bitcoin is lottery mining, but not all lottery mining is done solo. Mining is the process in which new blocks of transactions are constructed and added to the blockchain. The "work" miner's do requires computers with specialized chips (called ASIC's), designed to do one thing, hash the sha256 hashing algorithm. The incentive for adding a new block of transactions to the chain is called the block reward. The block reward is the "proof" this work was done.

Miners from all over the world compete about every ten minutes on average for the next block reward, 24 hours a day, 7 days a week. Learn more about what's involved, and how to lottery mine Bitcoin »




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