03-13-2012, 11:15 PM
To be honest, I don't fully understand it: https://en.bitcoin.it/wiki/How_bitcoin_w...oin_mining
It seems like it's either generating or decrypting blocks of encrypted data, which eventually build up to create a block that can be added to the bitcoin block chain. It takes a lot of CPU power and it's how the network keeps working and keeps people from inserting fake data into the block chain. (shrug)
It seems like it's either generating or decrypting blocks of encrypted data, which eventually build up to create a block that can be added to the bitcoin block chain. It takes a lot of CPU power and it's how the network keeps working and keeps people from inserting fake data into the block chain. (shrug)