Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. When Satoshi Nakamoto published the Bitcoin whitepaper, the concept of mining was pretty simple. Due to the relatively low level of complexity of Bitcoin‘s proof-of-work algorithm, at the time, mining could be done using a laptop. However, as Bitcoin became more popular, it required greater levels of computing power to successfully mine the cryptocurrency. Hobbyist small-time miners are put at a distinct disadvantage as they have to compete with large corporations with far more processing…
This story continues at The Next Web
Or just read more coverage about:
Bitcoin
