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Gone are the days when you could mine hundreds of bitcoins a day with a basic CPU, or even a GPU.
Bitcoins can be exchanged for real-world currency, and are found with specialized tools known as miners.
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Bitcoin mining allows Bitcoin to function and is used to issue new Bitcoins, created as a reward for miners who secure and record payments in the blockchain.
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Peter van Valkenburgh, Director of Research at Coin Center, explains the role of miners in a.Iceland is looking past the faddishness of cryptocurrencies and toward other projects that need the same kind of infrastructure that Bitcoin miners rely on.
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