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Topic: Bitcoin Mining in Plain English (Read 953 times)

member
Activity: 98
Merit: 10
September 11, 2012, 07:22:11 PM
#3
Bitcoin Mining in Plain English! http://imgur.com/qErhf
legendary
Activity: 3472
Merit: 4801
September 11, 2012, 05:08:03 PM
#2
Once the network confirms the solution is correct, the miner is rewarded with a number of Bitcoins.
Not entirely accurate, but probably close enough for the basic understanding you are trying to create.
full member
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Merit: 100
Bitcoin Enthusiast
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