What are bitcoin mining pools? Mining pools are a database comprising of resources shared by miners. These resources have processing power over a blockchain. When many miners solve a puzzle, they split the reward equally, as per the amount of efforts they’ve put into finding a block.
How does bitcoin mining work? As per the protocol, around 21 million BTCs can exist in the Blockchain. Some of them have been discovered while the rest are yet to be discovered. Bitcoin miners just bring them into the light. The concept is similar to mining in real life.
How to accept bitcoin payments for your store? There are multiple ways to accept payments for your store. The best and most safe alternative is CoinBox. This site is specially designed for merchants who’re searching for safe and straightforward modes of receiving payments.
How to sell bitcoin? There are different ways to sell Bitcoins. You can start with selling it to your neighbours, friends and family. Otherwise, there are several big Exchanges like Poloniex, Bitstamp, Blockchain, Kraken and Coinbase that allow retail clients to sell their assets.
How to make a paper Bitcoin wallet? A paper Bitcoin wallet includes private and public keys printed on a paper or a piece of plastic—which should be durable to prevent the loss of information in future. Paper wallets are regarded as offline or ‘cold storage’ wallets as they’re untraceable and un-hackable.
How to store Bitcoin? Once bought, you can store Bitcoins in a wallet. Unlike bank accounts, wallets hold a private key that lets you access your public key for Blockchain (which is your Bitcoin address). They’re designed to look like Bitcoins are actually present in the wallet.