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Bitcoin 101

Your go-to source for understanding the basics of Bitcoin mining. From blockchain essentials to the ABCs of mining operations.

Bitcoin 101
Understanding Bitcoin’s history through its Genesis Block

by BiTux November 4, 2023

by BiTux November 4, 2023

The Birth of Bitcoin The world of cryptocurrency exploded onto the global stage with the advent of Bitcoin (BTC). Bitcoin, created by …
Bitcoin 101
Understanding the Mechanics and Risk of 51% Attacks on Cryptocurrencies

by BiTux November 1, 2023

by BiTux November 1, 2023

A Detailed Look at 51% Attacks Ever since the advent of Bitcoin in 2009, the Proof-of-Work methodology has been the primary defence …
Bitcoin 101
Understanding Orphan Blocks in Bitcoin

by BiTux October 21, 2023

by BiTux October 21, 2023

A Brief on Orphan Blocks Orphan blocks, often referred to as stale blocks or uncles, are quite the anomaly in the progressive …
Bitcoin 101
Understanding Hashrate in Cryptocurrency Mining

by BiTux October 19, 2023

by BiTux October 19, 2023

What is Hashrate? Hashrate describes the total computational power that is utilized to mine and process transactions on a Proof-of-Work blockchain that …
Bitcoin 101
What is Bitcoin Mempool: An In-Depth Look at Bitcoin Mining

by BiTux October 17, 2023

by BiTux October 17, 2023

Bitcoin has revolutionized the world’s understanding of money and decentralized financial systems. A crucial aspect of this pioneering cryptocurrency is the Bitcoin …
Bitcoin 101
Understanding Bitcoin Block Rewards

by BiTux October 16, 2023

by BiTux October 16, 2023

Introduction to Bitcoin Miner Rewards In the decentralized system of Bitcoin, block rewards play a crucial role in incentivizing miners to maintain …

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