Once exclusively the domain of tech-savvy libertarians, virtual currency bitcoin has shot to prominence after a massive rise in value and the financial crisis in Cyprus.
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Does Bitcoin mining serve any purpose other than rewarding the people with the best mining equipment? It seems that free Bitcoins are given to whoever can mine the fastest.
What is Bitcoin Mining and How Does it Work? (2018 … – What is Bitcoin Mining Actually Doing? What is the point of Bitcoin mining? This is something we’re asked everyday! There are many aspects and functions of Bitcoin mining and we’ll go over them here.
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What I am saying is that I've realized I can't actually see the point of Bitcoin, as in "why should anyone use it?" Last April, I wasn't dealing with the "why" aspect enough.