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8 Jul 2017 Comparing price of Bitcoin 2 years ago was extremely low than that of today's price. According to july report 2017, Bitcoin prices surges heavily, it is $2505.63 for one BTC. This growth coerces me to explain our reader How bitcoin initiated, how it works and how mining happens. What is Bitcoin: It's a 

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24 Apr 2017 Using powerful computers, miners take the information in the block and apply a mathematical formula to it, turning it into a seemingly random sequence of letters and numbers known as a hash. Every time someone successfully creates a hash, they get a reward in Bitcoin. Security. Bitcoin only keeps track of