If you are trying to figure out what's happening in the crypto world and how this all works then keep reading.
Mining is another way of saying "Proof of Work" or "Solving a Blockchain".
Whatever that means.
The important thing here is that crypto currencies work by solving arithmetic problems using computer power in order to secure and confirm digital transactions. The "coins" are a representation of value which you either purchase directly and trade for fiat as the price goes up and down or you collect by using your computer power to help move those transactions along.
There are multiple technologies involved.
In this exercise you can see how this all works in a very easy and simple way. You may also make a bit of money.
A Turkey based company is making its own crypto currency on the block chain. It isn't available on exchanges and there is no pre sale offered. However, they are offering people the opportunity to take part in the mining process.
You can check out the WhitePaper here: https://bitranium.com/bitraen.pdf
It's very easy to set up and is a click and play operation: https://cuzdan.bitranium.com?ref=94DA853916B
You simply:
Step 1: Sign up
Step 2: Confirm your email
Step 3: Watch your Bitranium grow!
You can also follow them on Twitter and Instagram for updates.
https://twitter.com/bitranium?s=20
https://www.instagram.com/bitranium/?hl=en
You get more hash power the more people you refer.
Right now you can mine 4 per 24 hours and increases .5 every person you refer!
Their plan is to be on exchanges by June and is very promising.
This is a very beginner way of understanding the mining process and may bring you some great luck and wealth in the future!
Happy mining!
