The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the Bitcoin network, they produce new bitcoin, not unlike when a mining operation extracts gold from the ground. And second, by solving computational math problems, bitcoin miners make the Bitcoin payment network trustworthy and secure, by verifying its transaction information. There’s a good chance all of that only made so much sense. In order to explain how bitcoin mining works in greater detail, let’s begin with a process that’s a little bit closer to home: the regulation of printed currency. Bitcoin Basics: How Bitcoin Differs From Traditional Currencies Consumers tend to trust printed currencies, at least in the United States. That’s because the U.S. dollar is backed by a central bank called the Federal Reserve. In addition to a host of other responsibilities, the Federal Reserve regulates the production of new money, and the federal government prosecutes the use of counterfeit currency.

Even digital payments using the U.S. dollar are backed by a central authority. When you make an online purchase using your debit or credit card, for example, that transaction is processed by a payment processing company such as Mastercard or Visa. In addition to recording your transaction history, those companies verify that transactions are not fraudulent, which is one reason your debit or credit card may be suspended while traveling. Bitcoin, on the other hand, is not regulated by a central authority. Instead, Bitcoin is backed by millions of computers across the world called “nodes.” This network of computers performs the same function as the Federal Reserve, Visa and Mastercard, but with a few key differences. Nodes store information about prior transactions and help to verify their authenticity. Unlike those central authorities, however, Bitcoin nodes are spread out across the world and record transaction data in a public list that can be accessed by anyone, even you. When someone sends Bitcoin anywhere, we call that a “transaction.” Transactions made in-store or online are documented by banks, point-of-sale systems, and physical receipts.

Bitcoin miners achieve the same effect without these institutions by clumping transactions together in “blocks” and adding them to a public record called the “blockchain.” Nodes then maintain records of those blocks so that they can be verified into the future. When bitcoin miners add a new block of transactions to the blockchain, part of their job is to make sure that those transactions are accurate. (More on the magic of how this happens in a second.) In particular, bitcoin miners make sure that bitcoin is not being duplicated, a unique quirk of digital currencies called “double-spending.” With printed currencies, counterfeiting is always an issue, but generally, once you spend $20 at the store, that bill is in the clerk’s hands. With digital currency, however, it's a different story. Digital information can be reproduced relatively easily, so with Bitcoin and other digital currencies, there is a risk that a spender can make a copy of their bitcoin and send it to another party while still holding onto the original. Let's return to printed currency for a moment and say someone tried to duplicate their $20 bill in order to spend both the original and the counterfeit at a grocery store. If a clerk knew that customers were duplicating money, all they would have to do is look at the bills’ serial numbers. If the numbers were identical, the clerk would know the money had been duplicated. This analogy is similar to what a bitcoin miner does when they verify new transactions. If someone were to successfully double-spend their Bitcoin they would need to take over 51% of the mining power in the network. As Bitcoin grows, this becomes increasingly difficult and the upfront cost to achieve such a thing would be astronomical and nearly impossible.

This above are just stimulations as to how mining works from the inside . Mining is made easier through the use of mining machines. There are different types of bitcoin mining machines examples are :

1. Antminer S9 14.0 TH/s
2. Antminer R4 8.6 TH/s
3. BitMain AntMiner S9.
4. Antminer T9.
5. Dragonmint T16.

There are a host more but the above stated are the best and are been used by the company I would introduce you to. Personal you can be a self miner but then this miners cost a lot to purchase and run. So it’s a lot more profitable if you working with a mining company with a lot of experience and also they bear all the risk surrounding the miners and put in place security measures to make sure you don’t lose your investments. Now I would be discussing the roles of every body in this mining program.

1. The company
2. Account manager
3. Yourself (investor)
4. The miners.

The company - They own this miners and they bear the risk surrounding this miner and are to be held responsible if you lose your funds by any chance not partaking to mining . They are in-charge of taking care of the electricity and maintenance of this miners and making sure that the miners are running 24/7 every business day. Also they over see the exchange rate to your desired currency during withdrawal . In turn you get to pay them 20% for the profit you make after each mining section and each Mining section takes 7 business days. Their investment plans are of different categories but the minimum is $500 and estimates ROI are calculated in respected to the value of BTC, but the profits are not regulated by value . That is to say in any value you would make profit but not as much in certain values. The account manager:the account manager on the other hand their job is to be your mentor and Guide in the bitcoin Mining systems . They do not have any access to your account or regulate your account all They do is teach you and show you what to do and also tell you when to pull out and when to stay put. They also tell you when the market is good and when to double up your investment. They are also here to help you get pass your difficulty and answer any questions you have. You do not pay them any money as a form of deal unless as a kind gesture from you. The company Handles their payment both as your mentor and also as a mining agent for them. Yourself: your the investor (also the learner as of now ) your duty is to set up your account regulate it when I tell you to input Mining algorithms to help you gain more. (Format BASE58 (P2PKH)