What Is Bitcoin Mining? Bitcoin Mining Explained Video

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What Is Bitcoin Mining? – Discover how to Win FREE Bitcoins here: http://win-free-bitcoins.com – Discover the power of Bitcoin gifting and receive free Bitcoins.

In 2012, The Economist reasoned that Bitcoin has been popular because of “its role in dodgy online markets”,[12] and in 2013 the FBI shut down one such service, Silk Road, which specialized in illegal drugs (whereupon the FBI took control of approximately 1.5% of all bitcoins in circulation).[13] However, Bitcoins are increasingly used as payment for legitimate products and services, and merchants have an incentive to accept the currency because transaction fees are lower than the 2 to 3% typically imposed by credit card processors.[14] Notable vendors include OkCupid, Reddit, WordPress, and Chinese Internet giant Baidu.[15]

Speculators have been attracted to Bitcoin, fueling volatility and price swings. As of November 2013, the use of Bitcoin in the retail and commercial marketplace is relatively small compared with a relatively large use by speculators.

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What Is Bitcoin Mining?

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